https://www.taxtmi.com/caselaws?id=266189 The ITAT upheld the CIT(A)'s decision in favor of the assessee regarding the re-computation of deduction u/s 10A of the IT Act for the assessment year 2010-11. The ITAT dismissed the revenue's appeal, citing the High Court's ruling that excluded expenses from export turnover should also be excluded from total turnover for the deduction. Additionally, the ITAT upheld the CIT(A)'s decision to allow the deduction for delay in remittance of employees' PF and ESI contributions, based on the High Court's judgment that payments made before the due date for filing returns are eligible for deductions. en-us Fri, 14 Aug 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266189 The ITAT upheld the CIT(A)'s decision in favor of the assessee regarding the re-computation of deduction u/s 10A of the IT Act for the assessment year 2010-11. The ITAT dismissed the revenue's appeal, citing the High Court's ruling that excluded expenses from export turnover should also be excluded from total turnover for the deduction. Additionally, the ITAT upheld the CIT(A)'s decision to allow the deduction for delay in remittance of employees' PF and ESI contributions, based on the High Court's judgment that payments made before the due date for filing returns are eligible for deductions. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266189