https://www.taxtmi.com/caselaws?id=219638 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and make adjustments on several issues. The Tribunal held that interest from customers on delayed payments should be included in eligible profits for Section 10B exemption if related to export sales. Interest from employees on housing loans was deemed eligible for exemption. The Tribunal instructed the AO to recompute indirect costs for trading goods under Section 80HHC, emphasizing inclusion of only export sales in total turnover. Additionally, the AO was directed to recalculate book profits under Section 115JB using a uniform ratio of export turnover to total turnover for income and expenditure allocation. en-us Fri, 13 Jul 2012 00:00:00 +0530 Thu, 08 Nov 2012 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219638 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and make adjustments on several issues. The Tribunal held that interest from customers on delayed payments should be included in eligible profits for Section 10B exemption if related to export sales. Interest from employees on housing loans was deemed eligible for exemption. The Tribunal instructed the AO to recompute indirect costs for trading goods under Section 80HHC, emphasizing inclusion of only export sales in total turnover. Additionally, the AO was directed to recalculate book profits under Section 115JB using a uniform ratio of export turnover to total turnover for income and expenditure allocation. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219638