https://www.taxtmi.com/caselaws?id=367425 The Tribunal remitted the issue of selecting comparable cases back to the Assessing Officer for reconsideration, emphasizing compliance with statutory provisions. It directed the exclusion of specific foreign currency expenditures from both export and total turnover, modifying previous orders. Foreign exchange gains were considered part of export profits, aligning with precedent and court judgments. The decision highlighted the importance of adhering to statutory provisions and ensuring fair decision-making processes based on post-filing information. The appeal was allowed for statistical purposes, emphasizing the need for a just application of tax laws and judicial interpretations. en-us Wed, 12 Sep 2018 00:00:00 +0530 Thu, 20 Sep 2018 08:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367425 The Tribunal remitted the issue of selecting comparable cases back to the Assessing Officer for reconsideration, emphasizing compliance with statutory provisions. It directed the exclusion of specific foreign currency expenditures from both export and total turnover, modifying previous orders. Foreign exchange gains were considered part of export profits, aligning with precedent and court judgments. The decision highlighted the importance of adhering to statutory provisions and ensuring fair decision-making processes based on post-filing information. The appeal was allowed for statistical purposes, emphasizing the need for a just application of tax laws and judicial interpretations. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367425