https://www.taxtmi.com/caselaws?id=327126 The Tribunal allowed the assessee's appeals on all issues, directing the AO to recompute deductions and book profits as per the Tribunal's findings. The revenue's appeals were dismissed. The Tribunal held that deduction under Section 10A should be computed before adjusting brought forward losses and depreciation, lease line charges should not be reduced from export turnover, reversed provision for ESOP was deductible under Section 115JB, and lease rent equalization was not an unascertained liability. en-us Mon, 21 Mar 2016 00:00:00 +0530 Wed, 04 May 2016 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327126 The Tribunal allowed the assessee's appeals on all issues, directing the AO to recompute deductions and book profits as per the Tribunal's findings. The revenue's appeals were dismissed. The Tribunal held that deduction under Section 10A should be computed before adjusting brought forward losses and depreciation, lease line charges should not be reduced from export turnover, reversed provision for ESOP was deductible under Section 115JB, and lease rent equalization was not an unascertained liability. Case-Laws Income Tax Mon, 21 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327126