https://www.taxtmi.com/caselaws?id=262246 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It confirmed that telecommunication charges and foreign currency expenses should be excluded from both export and total turnover, upheld that brought forward unabsorbed losses should not be set off against 10A unit profits before allowing deduction, and quashed the CIT(A)'s incorrect conclusion regarding the set off of STPI unit losses against other income. en-us Thu, 30 Jul 2015 00:00:00 +0530 Thu, 06 Aug 2015 06:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262246 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It confirmed that telecommunication charges and foreign currency expenses should be excluded from both export and total turnover, upheld that brought forward unabsorbed losses should not be set off against 10A unit profits before allowing deduction, and quashed the CIT(A)'s incorrect conclusion regarding the set off of STPI unit losses against other income. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262246