https://www.taxtmi.com/caselaws?id=254853 The Tribunal upheld the exclusion of freight expenses from both export turnover and total turnover for computing deduction under section 10A of the Act. It affirmed the treatment of subsidy received as income and denied the deduction on sale proceeds not brought into India within six months. The Tribunal allowed the inclusion of interest on debtors as business income but excluded the amount of creditors no longer payable written back for relief under section 10A of the Act. The Revenue's appeals were dismissed, except for partially allowing one of the assessee's appeals. en-us Fri, 31 Oct 2014 00:00:00 +0530 Mon, 16 Feb 2015 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254853 The Tribunal upheld the exclusion of freight expenses from both export turnover and total turnover for computing deduction under section 10A of the Act. It affirmed the treatment of subsidy received as income and denied the deduction on sale proceeds not brought into India within six months. The Tribunal allowed the inclusion of interest on debtors as business income but excluded the amount of creditors no longer payable written back for relief under section 10A of the Act. The Revenue's appeals were dismissed, except for partially allowing one of the assessee's appeals. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254853