{"id":17886,"date":"2021-05-10T16:31:53","date_gmt":"2021-05-10T11:01:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ibm-india-pvt-ltd-v-acit-2020-83-itr-24-bang-trib\/"},"modified":"2021-05-10T16:31:53","modified_gmt":"2021-05-10T11:01:53","slug":"ibm-india-pvt-ltd-v-acit-2020-83-itr-24-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ibm-india-pvt-ltd-v-acit-2020-83-itr-24-bang-trib\/","title":{"rendered":"IBM India Pvt. Ltd. v. ACIT (2020) 83 ITR 24 (Bang.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that\u00a0 the condition regarding the formation was required to be established in the initial year alone. Thus, the satisfaction of the conditions in section\u00a010AA(4)\u00a0are required to be satisfied in the year of formation. The assessee was eligible to claim deduction \u00a0on the incremental income arising pursuant to the advanced pricing agreement. The Panel was to grant deduction under section\u00a010AA\u00a0to the extent of sale proceeds received from the export of software services brought into India in convertible foreign exchange within the stipulated period. <strong>\u00a0<\/strong>(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10AA : Special economic zones-Free Trade Zone-Declaration on Software Technology Parks of India forms sufficient-No Requirement to maintain separate books of  account-Entitle  to exemption on incremental income arising  pursuant to advanced Pricing Agreement (APA). <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17886","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Eu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=17886"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17886\/revisions"}],"predecessor-version":[{"id":17887,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17886\/revisions\/17887"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}