https://www.taxtmi.com/caselaws?id=70315 The Tribunal upheld the CIT(A)'s decision granting exemption under section 10A to the assessee, determining that the STPI Unit was a new and separate undertaking, not formed by splitting up or reconstruction of an existing business. Additionally, the Tribunal ruled that expenses incurred in foreign exchange should be excluded from both export turnover and total turnover for calculating relief under section 10A, aligning with section 80HHE principles and relevant case law. The revenue's appeal was partly allowed. en-us Fri, 15 Jun 2007 00:00:00 +0530 Thu, 18 Jan 2024 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70315 The Tribunal upheld the CIT(A)'s decision granting exemption under section 10A to the assessee, determining that the STPI Unit was a new and separate undertaking, not formed by splitting up or reconstruction of an existing business. Additionally, the Tribunal ruled that expenses incurred in foreign exchange should be excluded from both export turnover and total turnover for calculating relief under section 10A, aligning with section 80HHE principles and relevant case law. The revenue's appeal was partly allowed. Case-Laws Income Tax Fri, 15 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70315