https://www.taxtmi.com/caselaws?id=218648 The Tribunal ruled in favor of the assessees, directing the Assessing Officer to allow deductions under Section 10B of the Income-tax Act on a pro-rata basis. The additional business income from seized documents was deemed eligible for deduction, as it was found to be related to the business operations. The Tribunal emphasized the importance of considering the specific working details in the audit report and justified the pro-rata basis for deduction claims based on the proportionate turnover of export income. The appeals were partly allowed, providing relief to the assessees by recognizing the eligibility of the additional business income for export-related deductions. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 22 Nov 2012 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218648 The Tribunal ruled in favor of the assessees, directing the Assessing Officer to allow deductions under Section 10B of the Income-tax Act on a pro-rata basis. The additional business income from seized documents was deemed eligible for deduction, as it was found to be related to the business operations. The Tribunal emphasized the importance of considering the specific working details in the audit report and justified the pro-rata basis for deduction claims based on the proportionate turnover of export income. The appeals were partly allowed, providing relief to the assessees by recognizing the eligibility of the additional business income for export-related deductions. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218648