Bombay High Court Upholds Assessee in Income Tax Act Case; RBI's FEMA Approval Deemed to Satisfy Section 10A(3) Extension Requirement. Approval of Export Proceeds Realization by RBI Under Foreign Exchange Management Act Constitutes Deemed Extension for Deduction Under Section 10A of Income Tax Act, 1961, Where Assessee's Application Not Rejected.
30 Aug 2011The appeal before the Bombay High Court involved the interpretation of Section 10A of the Income Tax Act, 1961, which provides deduction on profits fr...




