VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawHigh Court › PCIT v Macquarie Global Services Pvt Ltd — s.10AA(4) is unit specific, and the splitting-up objection belongs to the first year
High CourtHelps taxpayerValidity unconfirmeds.10AAs.10AA(4)s.10As.10Bs.80-IA(3)s.260As.143(3)

PCIT v Macquarie Global Services Pvt Ltd — s.10AA(4) is unit specific, and the splitting-up objection belongs to the first year

The Assessing Officer says my client's SEZ unit is a reconstruction of its existing EOU business, and he is raising it in year three after allowing the claim twice. Can he?

The Assessing Officer says my client's SEZ unit is a reconstruction of its existing EOU business, and he is raising it in year three after allowing the claim twice. Can he?

The Delhi High Court held that the conditions in s.10AA(4) are unit specific and not assessee specific, so an assessee who already runs an export business — even one that enjoyed s.10A relief — is not disqualified from claiming s.10AA on a genuinely new SEZ unit. It also held, following its own earlier decisions, that the objection under clause (ii) that the undertaking was formed by splitting up or reconstruction relates to the date of formation and must be taken in the first year in which the exemption is claimed, not in a later year. The Revenue's appeal was dismissed with no substantial question of law arising.

Decided by the High Court (Sanjiv Khanna J and Anup Jairam Bhambhani J) on 2018-12-04, reported as ITA No. 824/2018 (Delhi High Court). It bears on section 10AA, section 10AA(4), section 10A, section 10B, section 80-IA(3), section 260A, section 143(3) of the Income Tax Act 1961, in Deductions & Disallowances, Capital Gains Exemptions and Appeals matters.

Validity check could not be completed. Validity check could not be completed. I read the judgment in full through the plain document URL and corroborated the operative sentence at paragraph 6 through a separate document-fragment fetch, which returned it in identical words. I did NOT run any citator check and did not look for a Supreme Court appeal or for any later High Court decision doubting it, so no statement is made about its subsequent treatment. Note also that the judgment is on s.10AA(4) alone and says nothing about the proviso and Explanation later added to s.10AA(1).

Why it matters

This is the answer to the commonest s.10AA(4) notice: the officer points to the assessee's existing unit, calls the SEZ unit a reconstruction, and reopens or disallows in a year well after the unit started. Two propositions defeat that. The first is textual — s.10AA speaks of the Unit as the eligible entity, so where an assessee has several units in an SEZ each is tested separately, and the existence of a similar business already being carried on is not itself disqualifying; clause (iii), which bars the transfer of previously used machinery or plant to the new business, presupposes that a similar business may already exist. The second is temporal — clause (ii) fixes on how the undertaking was formed, so the scrutiny belongs to the year of formation. The Court's factual method is worth copying: it looked at the revenue of the existing non-exempt business year by year to see whether it had been transferred away, at the growth in revenue of the new unit, at the physical expansion of the existing unit, and at the proportion of newly recruited technical manpower in the SEZ unit. Note the limit of the decision: the Court did not hold that a later year can never be examined, and it did not decide anything about clauses (i) or (iii), which were not in dispute.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

Read aloud by your device. Press again to stop.

Related

Other authorities on the same sections.