https://www.taxtmi.com/caselaws?id=121689 The Tribunal upheld the CIT(A)'s decision regarding the treatment of net realizable sale proceeds as export turnover for deduction under section 10A. It denied the carry forward of unabsorbed depreciation from assessment year 1996-97 for undertakings benefiting from section 10A. Interest income was excluded from section 10A deduction but treated as part of business income. Excess freight received was not considered eligible for section 10A deduction. The Tribunal allowed the deduction under section 80HHC for the 10% of profits not exempt under section 10A for assessment year 2003-04. en-us Sat, 19 Dec 2009 00:00:00 +0530 Wed, 01 Aug 2012 15:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121689 The Tribunal upheld the CIT(A)'s decision regarding the treatment of net realizable sale proceeds as export turnover for deduction under section 10A. It denied the carry forward of unabsorbed depreciation from assessment year 1996-97 for undertakings benefiting from section 10A. Interest income was excluded from section 10A deduction but treated as part of business income. Excess freight received was not considered eligible for section 10A deduction. The Tribunal allowed the deduction under section 80HHC for the 10% of profits not exempt under section 10A for assessment year 2003-04. Case-Laws Income Tax Sat, 19 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121689