https://www.taxtmi.com/caselaws?id=180441 The Tribunal ruled in favor of the appellant, setting aside the CIT(A)'s decision and directing the AO to allow the reduction of leased line expenses and freight expenses from the export turnover for computing deductions u/s 10A and 10B of the Income-tax Act, 1961. The court emphasized the need for uniformity in calculating deductions for profits related to exports and clarified that exclusions from export turnover should also apply to total turnover. The decision favored the appellant, with the appeal being allowed on May 22, 2012. en-us Tue, 22 May 2012 00:00:00 +0530 Fri, 25 Mar 2016 10:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180441 The Tribunal ruled in favor of the appellant, setting aside the CIT(A)'s decision and directing the AO to allow the reduction of leased line expenses and freight expenses from the export turnover for computing deductions u/s 10A and 10B of the Income-tax Act, 1961. The court emphasized the need for uniformity in calculating deductions for profits related to exports and clarified that exclusions from export turnover should also apply to total turnover. The decision favored the appellant, with the appeal being allowed on May 22, 2012. Case-Laws Income Tax Tue, 22 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180441