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TMI Blog2013 (10) TMI 1418X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee is to be considered as “services” eligible for exemption under Section 10AA of the Income Tax Act by relying on the definition of “services” as per SEZ Rules. - I.T.T.A. No. 461 of 2013 - - - Dated:- 1-10-2013 - HON BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND HON BLE SRI JUSTICE K.C. BHANU JUDGMENT: (Per the Hon ble the Chief Justice Sri Kalyan Jyoti Sengupta) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the instructions issued by the Ministry of Commerce regarding the applicability of exemption under Section 10AA of the Income Tax Act to the trading activity in the nature of re-export of imported goods though there was no subsequent amendment made to the provisions of Income Tax Act to give effect to the clarification contained in the instructions in spite of the mention in the said instructio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Section 10AA of the Income Tax Act, 1961. The learned Tribunal found the interpretation given by the CIT(A) as correct. Therefore, in exercise of jurisdiction under Section 260A of the Income Tax Act, 1961, we are not going to interfere with the impugned order. When the interpretation given by the CIT(A) is correct, we do not upset the same. Moreover, it appears that the learned Tribunal has ..... X X X X Extracts X X X X X X X X Extracts X X X X
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