https://www.taxtmi.com/caselaws?id=180916 The Tribunal partly allowed the appeal filed by the assessee, upholding adjustments to export turnover for computing deductions under sections 10A and 10B of the IT Act. It was affirmed that expenses reduced from export turnover should be deducted from total turnover for determining eligible profit. The Tribunal agreed with the CIT(A) on adjusting outward freight charges from export turnover. However, detailed reasoning on penalty proceedings under section 271(1)(c) was not provided in the judgment. en-us Fri, 29 Aug 2008 00:00:00 +0530 Mon, 04 Apr 2016 15:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180916 The Tribunal partly allowed the appeal filed by the assessee, upholding adjustments to export turnover for computing deductions under sections 10A and 10B of the IT Act. It was affirmed that expenses reduced from export turnover should be deducted from total turnover for determining eligible profit. The Tribunal agreed with the CIT(A) on adjusting outward freight charges from export turnover. However, detailed reasoning on penalty proceedings under section 271(1)(c) was not provided in the judgment. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180916