https://www.taxtmi.com/caselaws?id=362689 The court ruled in favor of the assessee in interpreting Section 10A for claiming exemption from Income Tax. It clarified that as long as goods are exported from India, either by the assessee or another SEZ unit, and foreign exchange is earned, the benefit of Section 10A applies. The judgment also addressed the treatment of deemed exports under the Exim Policy, emphasizing that foreign exchange earnings are crucial for claiming income tax exemption. Additionally, it highlighted the necessity of excluding expenses from total turnover for computing relief under Section 10A, ensuring a logical and fair approach to tax computation. en-us Thu, 21 Jun 2018 00:00:00 +0530 Wed, 27 Jun 2018 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362689 The court ruled in favor of the assessee in interpreting Section 10A for claiming exemption from Income Tax. It clarified that as long as goods are exported from India, either by the assessee or another SEZ unit, and foreign exchange is earned, the benefit of Section 10A applies. The judgment also addressed the treatment of deemed exports under the Exim Policy, emphasizing that foreign exchange earnings are crucial for claiming income tax exemption. Additionally, it highlighted the necessity of excluding expenses from total turnover for computing relief under Section 10A, ensuring a logical and fair approach to tax computation. Case-Laws Income Tax Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362689