https://www.taxtmi.com/caselaws?id=68703 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeals. The trading additions on account of low Gross Profit rate were deleted as the AO failed to provide evidence of income suppression. Deductions under s. 10BA for Duty Entitlement Pass Book and Duty Drawback receipts were allowed, considering them as part of export business profits, in line with the legislative intent of the IT Act. en-us Fri, 27 Jun 2008 00:00:00 +0530 Fri, 20 Jan 2012 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68703 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeals. The trading additions on account of low Gross Profit rate were deleted as the AO failed to provide evidence of income suppression. Deductions under s. 10BA for Duty Entitlement Pass Book and Duty Drawback receipts were allowed, considering them as part of export business profits, in line with the legislative intent of the IT Act. Case-Laws Income Tax Fri, 27 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68703