https://www.taxtmi.com/caselaws?id=186730 The Tribunal allowed the assessee's appeal in a case involving assessment under section 143(3) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to deduct foreign exchange expenditure from both export turnover and total turnover for computing deductions under sections 10A and 10B, overturning the CIT's decision. This ruling aligned with a prior decision in the assessee's case, resulting in a favorable outcome for the assessee. en-us Fri, 07 Jan 2011 00:00:00 +0530 Wed, 28 Sep 2016 17:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186730 The Tribunal allowed the assessee's appeal in a case involving assessment under section 143(3) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to deduct foreign exchange expenditure from both export turnover and total turnover for computing deductions under sections 10A and 10B, overturning the CIT's decision. This ruling aligned with a prior decision in the assessee's case, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186730