https://www.taxtmi.com/caselaws?id=207907 The Tribunal upheld the denial of exemption under section 10A for income derived from Unit-I, citing a previous decision against the assessee. Regarding the computation of deduction under section 80HHC on cancellation of forward exchange contracts, the Tribunal remitted the matter for fresh adjudication based on previous directions. However, the Tribunal ruled in favor of the assessee, considering compensation for loss of reputation and goodwill as a capital receipt not subject to tax, overturning the lower authorities' decisions. The assessee's appeal was partly allowed, and the revenue's appeal was allowed for statistical purposes. en-us Tue, 05 Jan 2010 00:00:00 +0530 Tue, 14 Aug 2012 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207907 The Tribunal upheld the denial of exemption under section 10A for income derived from Unit-I, citing a previous decision against the assessee. Regarding the computation of deduction under section 80HHC on cancellation of forward exchange contracts, the Tribunal remitted the matter for fresh adjudication based on previous directions. However, the Tribunal ruled in favor of the assessee, considering compensation for loss of reputation and goodwill as a capital receipt not subject to tax, overturning the lower authorities' decisions. The assessee's appeal was partly allowed, and the revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 05 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207907