https://www.taxtmi.com/caselaws?id=243373 The court dismissed the appeal, confirming the ITAT's order. It held that the assessee's claim for deduction on unrealized sales was not justified, as the liability had not crystallized during the assessment year. The court also rejected the argument for parity between export turnover and total turnover, stating that it would result in a distorted figure contrary to the purpose of Section 10A. The High Court's order on the resolution did not advance the assessee's case, and the so-called loss had not crystallized as a business loss during the year under consideration. Thus, the Tax Case (Appeal) was dismissed, and the ITAT's order was confirmed. en-us Mon, 25 Nov 2013 00:00:00 +0530 Fri, 31 Jan 2014 10:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243373 The court dismissed the appeal, confirming the ITAT's order. It held that the assessee's claim for deduction on unrealized sales was not justified, as the liability had not crystallized during the assessment year. The court also rejected the argument for parity between export turnover and total turnover, stating that it would result in a distorted figure contrary to the purpose of Section 10A. The High Court's order on the resolution did not advance the assessee's case, and the so-called loss had not crystallized as a business loss during the year under consideration. Thus, the Tax Case (Appeal) was dismissed, and the ITAT's order was confirmed. Case-Laws Income Tax Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243373