Sec. 10B of Income-tax Act, 1961— Exemption - A narrow and pedantic approach cannot be applied in construing the words "by an undertaking" and restricting the benefit under s. 10B of the Act only in respect of direct export of such goods manufactured by such units. The deemed export by the assessee undertaking even through third party who has exported such goods to foreign country and has fetched foreign currency for India still remains a deemed export in the hands of the assessee undertaking also. - GRANITE MART LIMITED V/s ITO - [2020] 315 CTR 714 (KARN)