https://www.taxtmi.com/caselaws?id=256570 The delay in filing the appeal was condoned, allowing it to proceed on merits. The assessment order under section 143(3) was set aside for re-computation of deduction under section 10A, requiring proof of RBI permission for foreign exchange. The CIT emphasized the need for specific approval under section 10A(3) and compliance with RBI regulations. The Tribunal favored the assessee's argument for exemption under section 10A, stressing compliance with RBI regulations. The CIT's order under section 263 was set aside in favor of the assessee, emphasizing compliance with RBI regulations and timely receipt of proceeds. en-us Wed, 27 Nov 2013 00:00:00 +0530 Mon, 16 Feb 2015 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256570 The delay in filing the appeal was condoned, allowing it to proceed on merits. The assessment order under section 143(3) was set aside for re-computation of deduction under section 10A, requiring proof of RBI permission for foreign exchange. The CIT emphasized the need for specific approval under section 10A(3) and compliance with RBI regulations. The Tribunal favored the assessee's argument for exemption under section 10A, stressing compliance with RBI regulations. The CIT's order under section 263 was set aside in favor of the assessee, emphasizing compliance with RBI regulations and timely receipt of proceeds. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256570