https://www.taxtmi.com/caselaws?id=213538 The Tribunal upheld the reassessment under Section 147 for apparent excessive relief granted under Section 10B. It allowed the deduction under Section 10B for ten years. The inclusion of foreign exchange gains and stitching charges for deduction under Section 80HHC was approved, while interest income was excluded. For Assessment Year 2004-05, stitching charges were excluded from profits for Section 80HHC deduction computation, with consideration for actual profits from stitching activities. The Revenue's appeal for Assessment Year 2001-02 was dismissed, affirming the ten-year Section 10B deduction. en-us Fri, 04 Nov 2011 00:00:00 +0530 Fri, 25 May 2012 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213538 The Tribunal upheld the reassessment under Section 147 for apparent excessive relief granted under Section 10B. It allowed the deduction under Section 10B for ten years. The inclusion of foreign exchange gains and stitching charges for deduction under Section 80HHC was approved, while interest income was excluded. For Assessment Year 2004-05, stitching charges were excluded from profits for Section 80HHC deduction computation, with consideration for actual profits from stitching activities. The Revenue's appeal for Assessment Year 2001-02 was dismissed, affirming the ten-year Section 10B deduction. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213538