https://www.taxtmi.com/caselaws?id=178996 The Tribunal affirmed that transport and insurance charges should be excluded from both export and total turnover for computing deduction under section 10B. Deemed exports were not excluded from export turnover, as evidence showed realization of payments in foreign exchange. The Tribunal directed the AO to reconsider setting off unabsorbed depreciation against profits, pending a related High Court case outcome. The revenue's appeal was partly allowed, subject to further assessment based on the pending case's resolution. en-us Fri, 19 Mar 2010 00:00:00 +0530 Wed, 17 Feb 2016 18:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178996 The Tribunal affirmed that transport and insurance charges should be excluded from both export and total turnover for computing deduction under section 10B. Deemed exports were not excluded from export turnover, as evidence showed realization of payments in foreign exchange. The Tribunal directed the AO to reconsider setting off unabsorbed depreciation against profits, pending a related High Court case outcome. The revenue's appeal was partly allowed, subject to further assessment based on the pending case's resolution. Case-Laws Income Tax Fri, 19 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178996