https://www.taxtmi.com/caselaws?id=369866 The Tribunal ruled in favor of the assessee in challenges against re-assessment proceedings under Section 147, re-working of exemption claimed under Section 10B, exclusion of freight and insurance expenses, deduction of export proceeds realized late, reduction of profits eligible for deduction due to notional interest, eligibility of currency conversion income for deduction, and disallowance under Section 14A. The Tribunal directed the AO to exclude adjustments, upheld the exclusion of expenses from total turnover, and allowed the assessee's appeals while partly allowing the Revenue's appeal for AY 2011-12. en-us Thu, 01 Nov 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369866 The Tribunal ruled in favor of the assessee in challenges against re-assessment proceedings under Section 147, re-working of exemption claimed under Section 10B, exclusion of freight and insurance expenses, deduction of export proceeds realized late, reduction of profits eligible for deduction due to notional interest, eligibility of currency conversion income for deduction, and disallowance under Section 14A. The Tribunal directed the AO to exclude adjustments, upheld the exclusion of expenses from total turnover, and allowed the assessee's appeals while partly allowing the Revenue's appeal for AY 2011-12. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369866