{"id":20294,"date":"2021-07-21T10:42:04","date_gmt":"2021-07-21T05:12:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-rajesh-exports-ltd-2020-114-taxmann-com-93-karn-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-rajesh-exports-ltd-2020-270-taxman-172-sc\/"},"modified":"2021-07-21T10:42:04","modified_gmt":"2021-07-21T05:12:04","slug":"pcit-v-rajesh-exports-ltd-2020-114-taxmann-com-93-karn-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-rajesh-exports-ltd-2020-270-taxman-172-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rajesh-exports-ltd-2020-114-taxmann-com-93-karn-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-rajesh-exports-ltd-2020-270-taxman-172-sc\/","title":{"rendered":"PCIT v. Rajesh Exports Ltd. (2020) 114 taxmann.com 93 (Karn.) (HC) Editorial : SLP is granted to the revenue, PCIT v. Rajesh Exports Ltd. (2020) 270 Taxman 172 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that in view of substitution of sub-section (4) of section 10B by Finance Act, 2001, with effect from 1-4-2001, assessee was entitled to claim exemption on interest income earned from inter-corporate loans and deposits lying in EEFC account. \u00a0Followed CIT\u00a0v.\u00a0Motorola India Electronics (P.) Ltd (2014) 265 Taxman 11\/ 265 CTR 94 (Karn.)(HC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10B : Export oriented undertakings-Entitled to claim exemption on interest income earned from inter-corporate loans and deposits lying in EEFC account. <\/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-20294","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5hk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20294","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=20294"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20294\/revisions"}],"predecessor-version":[{"id":20295,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20294\/revisions\/20295"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}