https://www.taxtmi.com/caselaws?id=260647 The assessee's eligibility for exemption under Section 10B was partially accepted, with certain receipts excluded from eligible export profit. The deduction under Section 80IC was subject to further examination regarding interest income. The inclusion of foreign exchange gains in eligible profits was to be re-evaluated. Adjustments to export turnover for amounts not received in India were upheld. The eligibility of scrap sales for deduction under Section 80IC was allowed. Profit on sale of assets was included in export turnover. Amortization and development charges were also included in export turnover. Deduction of freight and insurance charges from export turnover was disallowed. Assessee's appeals were partly allowed, and revenue's appeals were dismissed. en-us Wed, 17 Jun 2015 00:00:00 +0530 Sat, 07 Nov 2015 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260647 The assessee's eligibility for exemption under Section 10B was partially accepted, with certain receipts excluded from eligible export profit. The deduction under Section 80IC was subject to further examination regarding interest income. The inclusion of foreign exchange gains in eligible profits was to be re-evaluated. Adjustments to export turnover for amounts not received in India were upheld. The eligibility of scrap sales for deduction under Section 80IC was allowed. Profit on sale of assets was included in export turnover. Amortization and development charges were also included in export turnover. Deduction of freight and insurance charges from export turnover was disallowed. Assessee's appeals were partly allowed, and revenue's appeals were dismissed. Case-Laws Income Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260647