https://www.taxtmi.com/caselaws?id=216741 The Tribunal upheld the jurisdiction of reopening the assessment u/s.147, allowing the AO to issue a notice for income escaping assessment. Regarding the deduction u/s.10B on export income, the Tribunal dismissed the appellant's claim that the entire profit from export proceedings should be considered for deduction. However, on the issue of DEPB income, the Tribunal directed the AO to consider the entire profits of the business for deduction u/s.10B, following a specific formula, partially allowing the appeal for statistical purposes. The Tribunal's decisions were based on legal precedents and statutory provisions, ensuring compliance with the law and judicial interpretations. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 11 Apr 2016 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216741 The Tribunal upheld the jurisdiction of reopening the assessment u/s.147, allowing the AO to issue a notice for income escaping assessment. Regarding the deduction u/s.10B on export income, the Tribunal dismissed the appellant's claim that the entire profit from export proceedings should be considered for deduction. However, on the issue of DEPB income, the Tribunal directed the AO to consider the entire profits of the business for deduction u/s.10B, following a specific formula, partially allowing the appeal for statistical purposes. The Tribunal's decisions were based on legal precedents and statutory provisions, ensuring compliance with the law and judicial interpretations. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216741