Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (4) TMI 683 - ANDHRA PRADESH HIGH COURTMeaning of Export for the purpose of ection 10B - The machinery was delivered to M/s. Chandra Proteco Ltd.on the express instructions of the foreign buyer, M/s. Proteco De Marino Ozino and C Sass, Italy (Proteco for short) and, therefore, it is deemed to be an export for the purpose of section 10B or not. Held that:- There will be no export out of India if two conditions are cumulatively fulfilled, (a) it is a transaction by way of sale or otherwise in a shop, emporium or establishment situate in India, and (b) that it does not involve clearance in any customs station as defined in the Customs Act. Decided against the Assessee.
|