https://www.taxtmi.com/caselaws?id=330870 The Tribunal upheld the CIT(Appeals) decisions in the case, dismissing the Revenue's appeal and the assessee's Cross Objection. The Tribunal affirmed the exclusion of brought forward losses for calculating deduction u/s. 10B and the exclusion of incidental expenses from export turnover, following legal precedents. The CIT(A) was directed to calculate the deduction u/s. 10B before setting off losses, in line with the decision in CIT v. Yokogawa India Ltd. and Tata Elxsi Ltd. v. ACIT. en-us Fri, 24 Jun 2016 00:00:00 +0530 Mon, 08 Aug 2016 12:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330870 The Tribunal upheld the CIT(Appeals) decisions in the case, dismissing the Revenue's appeal and the assessee's Cross Objection. The Tribunal affirmed the exclusion of brought forward losses for calculating deduction u/s. 10B and the exclusion of incidental expenses from export turnover, following legal precedents. The CIT(A) was directed to calculate the deduction u/s. 10B before setting off losses, in line with the decision in CIT v. Yokogawa India Ltd. and Tata Elxsi Ltd. v. ACIT. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330870