https://www.taxtmi.com/caselaws?id=195554 The Tribunal allowed the appeal for statistical purposes, holding that the sales tax refund, constituting a reimbursement of excess sales tax paid and forming part of the cost of purchases, should be considered for deduction u/s.10B. The decision was based on the principle that such refunds impact the profit and loss account by reducing the cost of purchases, thereby increasing the eligible profit for deduction. The Tribunal emphasized that the sales tax refund was not a separate income source or export incentive but a mere reimbursement of overpaid tax, qualifying for deduction u/s.10B. en-us Fri, 19 Sep 2014 00:00:00 +0530 Fri, 03 Nov 2017 17:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195554 The Tribunal allowed the appeal for statistical purposes, holding that the sales tax refund, constituting a reimbursement of excess sales tax paid and forming part of the cost of purchases, should be considered for deduction u/s.10B. The decision was based on the principle that such refunds impact the profit and loss account by reducing the cost of purchases, thereby increasing the eligible profit for deduction. The Tribunal emphasized that the sales tax refund was not a separate income source or export incentive but a mere reimbursement of overpaid tax, qualifying for deduction u/s.10B. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195554