https://www.taxtmi.com/caselaws?id=280114 The Tribunal upheld the CIT(A)'s decision that compensation received on contract termination is business income eligible for deduction under Section 10A. It affirmed the exclusion of expenses from both export turnover and total turnover. The Tribunal allowed setting off brought forward losses in favor of the assessee. The issue of reimbursement of travel expenses was remitted back for further adjudication. The inclusion of deemed exports in export turnover was remitted to the AO for verification. The Revenue's appeals were dismissed, and the assessee's cross-objections were partially allowed. en-us Fri, 31 Jul 2015 00:00:00 +0530 Mon, 22 Apr 2019 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280114 The Tribunal upheld the CIT(A)'s decision that compensation received on contract termination is business income eligible for deduction under Section 10A. It affirmed the exclusion of expenses from both export turnover and total turnover. The Tribunal allowed setting off brought forward losses in favor of the assessee. The issue of reimbursement of travel expenses was remitted back for further adjudication. The inclusion of deemed exports in export turnover was remitted to the AO for verification. The Revenue's appeals were dismissed, and the assessee's cross-objections were partially allowed. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280114