https://www.taxtmi.com/caselaws?id=187621 The Tribunal upheld the CIT (A)'s decision that the trading and export firm qualifies for exemption under section 10BA due to substantial manufacturing activities. The Tribunal directed the AO to recalculate the income, considering relevant decisions, to determine the correct deduction under section 10BA regarding the treatment of duty drawback and export license sales. Both the Revenue's appeal and the assessee's cross-objection were allowed for statistical purposes. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 23 Oct 2018 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187621 The Tribunal upheld the CIT (A)'s decision that the trading and export firm qualifies for exemption under section 10BA due to substantial manufacturing activities. The Tribunal directed the AO to recalculate the income, considering relevant decisions, to determine the correct deduction under section 10BA regarding the treatment of duty drawback and export license sales. Both the Revenue's appeal and the assessee's cross-objection were allowed for statistical purposes. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187621