https://www.taxtmi.com/caselaws?id=214489 The court upheld the Tribunal's decisions in favor of the assessee on all issues. The assessee was entitled to deduction under Section 10A for export proceeds brought in after the stipulated time due to subsequent ratification. The claim for expenses forfeited by KIADB was allowed as the loss was booked in the relevant financial year. The liability for the forfeited amount crystallized in a prior year, justifying the benefit granted. Brought forward business loss and unabsorbed depreciation were held to be adjusted before computing deduction under Section 10A, aligning with statutory provisions. The appeal was dismissed, affirming the assessee's entitlement to claimed benefits. en-us Tue, 21 Feb 2012 00:00:00 +0530 Wed, 04 Jul 2012 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214489 The court upheld the Tribunal's decisions in favor of the assessee on all issues. The assessee was entitled to deduction under Section 10A for export proceeds brought in after the stipulated time due to subsequent ratification. The claim for expenses forfeited by KIADB was allowed as the loss was booked in the relevant financial year. The liability for the forfeited amount crystallized in a prior year, justifying the benefit granted. Brought forward business loss and unabsorbed depreciation were held to be adjusted before computing deduction under Section 10A, aligning with statutory provisions. The appeal was dismissed, affirming the assessee's entitlement to claimed benefits. Case-Laws Income Tax Tue, 21 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214489