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The order passed by the Tribunal as well as the CIT(A) insofar as it disallows the claim of the appellant with regard to transactions through third parties and inter-unit transfers is hereby quashed and the assessee is held entitled to the benefit of deduction under s. 10B of the Act in respect of third parties and inter unit transfers as well.

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Sec. 10B of Income-tax Act, 1961— Exemption—GRANITE MART LIMITED vs. ITO.[2020] 23 ITCD Online 155 (KARN)