https://www.taxtmi.com/caselaws?id=236964 The Appellate Tribunal ITAT Chennai ruled in favor of the assessee in the case, directing the exclusion of expenditure in foreign currency from both export and total turnover. Additionally, the Tribunal upheld the deduction under sec.10A before setting off brought forward depreciation and losses, dismissing the Revenue's appeals. The decision provided clarity on these issues, supporting the assessee's position and resulting in the success of the appeals filed by the assessee while dismissing those filed by the Revenue. en-us Thu, 26 Jul 2012 00:00:00 +0530 Sat, 14 Sep 2013 07:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236964 The Appellate Tribunal ITAT Chennai ruled in favor of the assessee in the case, directing the exclusion of expenditure in foreign currency from both export and total turnover. Additionally, the Tribunal upheld the deduction under sec.10A before setting off brought forward depreciation and losses, dismissing the Revenue's appeals. The decision provided clarity on these issues, supporting the assessee's position and resulting in the success of the appeals filed by the assessee while dismissing those filed by the Revenue. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236964