https://www.taxtmi.com/caselaws?id=178127 The Tribunal partly allowed the appeal. It upheld the AO's decision to deduct foreign currency expenditure from export turnover, but directed that this expenditure should also be excluded from total turnover for consistency. The Tribunal instructed the AO to verify the extension for receiving foreign exchange and allow the exclusion if valid. However, it rejected the claim to treat sales to another STP unit as deemed export under Section 10A, affirming that such sales do not qualify for deemed export benefits beyond the provisions of Section 10A. en-us Tue, 16 Oct 2007 00:00:00 +0530 Wed, 10 Jan 2024 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178127 The Tribunal partly allowed the appeal. It upheld the AO's decision to deduct foreign currency expenditure from export turnover, but directed that this expenditure should also be excluded from total turnover for consistency. The Tribunal instructed the AO to verify the extension for receiving foreign exchange and allow the exclusion if valid. However, it rejected the claim to treat sales to another STP unit as deemed export under Section 10A, affirming that such sales do not qualify for deemed export benefits beyond the provisions of Section 10A. Case-Laws Income Tax Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178127