https://www.taxtmi.com/caselaws?id=250575 The Tribunal upheld the decision that Duty drawback should be included in both total turnover and export turnover for calculating the deduction under section 10B of the Income Tax Act. The inclusion of Duty drawback in turnover calculations led to the dismissal of the Revenue's appeal. Additionally, the Tribunal dismissed the Cross Objection raised by the assessee regarding the disallowance of a specific amount of foreign remittance. Ultimately, both the appeals of the Revenue and the Cross Objection of the assessee were dismissed by the Tribunal. en-us Thu, 07 Aug 2014 00:00:00 +0530 Tue, 19 Aug 2014 08:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250575 The Tribunal upheld the decision that Duty drawback should be included in both total turnover and export turnover for calculating the deduction under section 10B of the Income Tax Act. The inclusion of Duty drawback in turnover calculations led to the dismissal of the Revenue's appeal. Additionally, the Tribunal dismissed the Cross Objection raised by the assessee regarding the disallowance of a specific amount of foreign remittance. Ultimately, both the appeals of the Revenue and the Cross Objection of the assessee were dismissed by the Tribunal. Case-Laws Income Tax Thu, 07 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250575