https://www.taxtmi.com/caselaws?id=197411 The Tribunal upheld the Commissioner of Income Tax (Appeals) order, dismissing the Revenue's appeal. The case revolved around the disallowance of a deduction under section 10A of the Income Tax Act due to non-realization of export proceeds within the specified time frame. The Tribunal emphasized that the RBI's circular allowed for an indefinite time period for realization for units in Special Economic Zones, which did not conflict with the Act's provisions. As a result, the Tribunal found in favor of the assessee, concluding that the Revenue's objections were not valid in this context. en-us Wed, 29 Jan 2014 00:00:00 +0530 Sat, 06 Jan 2018 07:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197411 The Tribunal upheld the Commissioner of Income Tax (Appeals) order, dismissing the Revenue's appeal. The case revolved around the disallowance of a deduction under section 10A of the Income Tax Act due to non-realization of export proceeds within the specified time frame. The Tribunal emphasized that the RBI's circular allowed for an indefinite time period for realization for units in Special Economic Zones, which did not conflict with the Act's provisions. As a result, the Tribunal found in favor of the assessee, concluding that the Revenue's objections were not valid in this context. Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197411