https://www.taxtmi.com/caselaws?id=242330 The ITAT dismissed the Department's appeal and partly allowed the assessee's cross-objection. The decision upheld the deduction under Section 10BA, included Duty Drawback (DDB) and Duty Entitlement Pass Book (DEPB) incentives as part of export business income, reduced the Gross Profit (GP) rate, remanded the classification of interest receipts, and deleted the addition due to non-genuine purchases. The judgment emphasized the significance of factual examination and precedent adherence in tax assessments. en-us Thu, 12 Dec 2013 00:00:00 +0530 Mon, 13 Jan 2014 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242330 The ITAT dismissed the Department's appeal and partly allowed the assessee's cross-objection. The decision upheld the deduction under Section 10BA, included Duty Drawback (DDB) and Duty Entitlement Pass Book (DEPB) incentives as part of export business income, reduced the Gross Profit (GP) rate, remanded the classification of interest receipts, and deleted the addition due to non-genuine purchases. The judgment emphasized the significance of factual examination and precedent adherence in tax assessments. Case-Laws Income Tax Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242330