https://www.taxtmi.com/caselaws?id=180915 The Tribunal partially allowed the appeal, agreeing with the assessee's position that if freight and insurance charges were excluded from export turnover, they should also be excluded from total turnover. The Tribunal upheld the assessee's argument, leading to adjustments directed to the Assessing Officer. Additionally, the Tribunal upheld the AO's decision on the computation of Minimum Alternate Tax under section 115JB. The appeal resulted in partial allowance concerning the deduction under section 10B of the IT Act and the treatment of freight and insurance charges for export goods sold on an FOB basis. en-us Fri, 29 Aug 2008 00:00:00 +0530 Mon, 04 Apr 2016 15:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180915 The Tribunal partially allowed the appeal, agreeing with the assessee's position that if freight and insurance charges were excluded from export turnover, they should also be excluded from total turnover. The Tribunal upheld the assessee's argument, leading to adjustments directed to the Assessing Officer. Additionally, the Tribunal upheld the AO's decision on the computation of Minimum Alternate Tax under section 115JB. The appeal resulted in partial allowance concerning the deduction under section 10B of the IT Act and the treatment of freight and insurance charges for export goods sold on an FOB basis. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180915