https://www.taxtmi.com/caselaws?id=182180 The appeal filed by the Revenue was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to exclude net interest from profits eligible for Section 10A, provided nexus with business is proven. Foreign exchange gains were excluded from profits for Section 10A deduction. Freight expenses were held not to be included in total turnover. Enhanced PF/ESIC contributions were allowed for deduction under Section 10A. The Tribunal provided detailed reasoning and directions on each issue presented. en-us Fri, 19 Dec 2008 00:00:00 +0530 Wed, 04 May 2016 13:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182180 The appeal filed by the Revenue was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to exclude net interest from profits eligible for Section 10A, provided nexus with business is proven. Foreign exchange gains were excluded from profits for Section 10A deduction. Freight expenses were held not to be included in total turnover. Enhanced PF/ESIC contributions were allowed for deduction under Section 10A. The Tribunal provided detailed reasoning and directions on each issue presented. Case-Laws Income Tax Fri, 19 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182180