https://www.taxtmi.com/caselaws?id=120375 The Tribunal directed the AO to recompute the deduction under section 10A, considering the export turnover at Rs. 31.64 crores, including the export of traded goods and excluding local sales to the holding company from the export turnover. The Tribunal disagreed with the CIT(A) on the treatment of traded goods, allowing deductions for their export. It upheld the exclusion of local sales and foreign exchange gains from eligible profits. The revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. en-us Fri, 17 Oct 2008 00:00:00 +0530 Sat, 18 Nov 2023 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120375 The Tribunal directed the AO to recompute the deduction under section 10A, considering the export turnover at Rs. 31.64 crores, including the export of traded goods and excluding local sales to the holding company from the export turnover. The Tribunal disagreed with the CIT(A) on the treatment of traded goods, allowing deductions for their export. It upheld the exclusion of local sales and foreign exchange gains from eligible profits. The revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 17 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120375