Assessee, a 100 per cent EOU, was engaged in business of manufacture and export. The Assessing Officer\u00a0 allowed deduction\u00a0 for only direct exports and disallowed sale made through third parties i.e. export houses and inter-unit transfers . The parties who have exported have not claimed any exemption\u00a0 and the assessee had furnished report of accountant in Form No. 56G as per rule 16E \u00a0. Appellate Authorities have affirmed the order of the Assessing Officer . On appeal allowing the appeal\u00a0 the Court held that\u00a0 tha \u00a0assessee was entitled to benefit of deduction under section 10B in respect of export done by third party export houses and inter-unit transfers. \u00a0(AY. 2005-06 to 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 10B : Export oriented undertakings – Deemed export -Export undertaken through third party who had exported goods to foreign country and had fetched foreign currency for India would still remain deemed export in hands of assessee- Entitle to deduction .[S.10A, Form No 56G , Rule 16E ] <\/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-18744","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Sk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18744","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=18744"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18744\/revisions"}],"predecessor-version":[{"id":18745,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18744\/revisions\/18745"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}