Assessee had taken on lease certain area in STPI (Software Technology Park Of India).\u00a0 As assessee could not use entire area for its operation, it sub-leased portion of premises to two units and was receiving rent for same.\u00a0 It claimed deduction under section 10A.\u00a0 Assessing Officer disallowed deduction in respect of rental income received from said two units on ground that lease amounts could not be considered as income derived from export of any software. Commissioner (Appeals) held that rental income received by assessee was eligible for inclusion in profit as they were intimately connected with business of undertakings. Tribunal affirmed the order of the CIT(A). On appeal\u00a0\u00a0 High Court\u00a0 held that since conditions such as location of unit in STPI having been complied with, benefit of section 10A would be available to assessee.\u00a0\u00a0 Special leave petition filed against the\u00a0 order of High Court is\u00a0 dismissed.(AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 10A : Free trade zone-Rental income-Sub lease of two units-Eligible for inclusion in profit as they were intimately connected with business of undertakings-SLP of Revenue is dismissed. [Art. 136] <\/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-49182","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cNg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49182","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=49182"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49182\/revisions"}],"predecessor-version":[{"id":49183,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49182\/revisions\/49183"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}