I-T - Tax-benefits under sections 10A, 10AA and 10B – Follow the Circular - CBDT
CBDT had issued a clarificatory Circular No. , dated 17-1-2013 to address various contentious issues leading to tax disputes in cases of entities engaged in export of computer software which are availing tax-benefits under sections 10A, 10AA and 10B of the Income-tax Act, 1961.
It has come to the notice of the Board that AOs are not following the clarifications and are taking a divergent view even in cases where the clarifications are directly applicable.
Board wants the field formations to follow the contents of Circular in letter and spirit. Board also directs that further appeals should not be filed in cases where orders were passed prior to issue of Circular but the issues giving rise to the disputes have been clarified by the Circular.
CBDT Instruction No. 17/2013, Dated: November 19, 2013