https://www.taxtmi.com/caselaws?id=122236 The Tribunal held that deduction under section 10B should be computed after setting off unabsorbed business losses and depreciation carried forward. The inclusion of equity shares as export turnover for deduction was denied as it did not involve inflow of foreign exchange. Communication expenses were rightly excluded from export and total turnover for deduction calculation. The assessee's appeal was dismissed, and the revenue's appeal was partly allowed. en-us Fri, 21 May 2010 00:00:00 +0530 Thu, 09 Aug 2012 16:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122236 The Tribunal held that deduction under section 10B should be computed after setting off unabsorbed business losses and depreciation carried forward. The inclusion of equity shares as export turnover for deduction was denied as it did not involve inflow of foreign exchange. Communication expenses were rightly excluded from export and total turnover for deduction calculation. The assessee's appeal was dismissed, and the revenue's appeal was partly allowed. Case-Laws Income Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122236