https://www.taxtmi.com/caselaws?id=178994 The ITAT partly allowed the appeals filed by the assessee in a case concerning deductions under section 10B of the Income-tax Act 1961. The ITAT ruled in favor of the assessee regarding the treatment of foreign currency expenditure, directing the Assessing Officer to reduce such expenditure from the total turnover. However, the claims for exemption under section 10B for sales to other export units and through third parties were rejected based on precedents and lack of evidence demonstrating no duplication of benefits. The judgment was delivered on September 17, 2010, in Bangalore. en-us Fri, 17 Sep 2010 00:00:00 +0530 Wed, 17 Feb 2016 17:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178994 The ITAT partly allowed the appeals filed by the assessee in a case concerning deductions under section 10B of the Income-tax Act 1961. The ITAT ruled in favor of the assessee regarding the treatment of foreign currency expenditure, directing the Assessing Officer to reduce such expenditure from the total turnover. However, the claims for exemption under section 10B for sales to other export units and through third parties were rejected based on precedents and lack of evidence demonstrating no duplication of benefits. The judgment was delivered on September 17, 2010, in Bangalore. Case-Laws Income Tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178994