https://www.taxtmi.com/caselaws?id=338219 The Appellate Tribunal ITAT Chennai allowed the appellant's appeal regarding the deduction claimed under Section 10A of the Income-tax Act, 1961 for the assessment year 2008-09. The Tribunal held that unrealized export proceeds in foreign currency should be included in the total turnover for computing the deduction under Section 10A, citing a judgment of the Madras High Court. The Tribunal set aside the lower authorities' orders and remitted the matter back to the Assessing Officer for reconsideration in line with the Madras High Court judgment. The Tribunal allowed ground No.3 for statistical purposes, maintaining the rest of the earlier order unchanged. en-us Tue, 04 Oct 2016 00:00:00 +0530 Sat, 28 Jan 2017 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338219 The Appellate Tribunal ITAT Chennai allowed the appellant's appeal regarding the deduction claimed under Section 10A of the Income-tax Act, 1961 for the assessment year 2008-09. The Tribunal held that unrealized export proceeds in foreign currency should be included in the total turnover for computing the deduction under Section 10A, citing a judgment of the Madras High Court. The Tribunal set aside the lower authorities' orders and remitted the matter back to the Assessing Officer for reconsideration in line with the Madras High Court judgment. The Tribunal allowed ground No.3 for statistical purposes, maintaining the rest of the earlier order unchanged. Case-Laws Income Tax Tue, 04 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338219