https://www.taxtmi.com/caselaws?id=379560 The Appellate Tribunal partly allowed the appeal for statistical purposes, ruling against the assessee's claim for deduction under section 10AA of the Income-tax Act in relation to an insurance claim for damage to fixed assets. The Tribunal held that the insurance claim amount could not be considered as profit derived from export activities, disallowing the deduction. The Tribunal directed further verification by the Assessing Officer for the additional grounds raised by the assessee. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379560 The Appellate Tribunal partly allowed the appeal for statistical purposes, ruling against the assessee's claim for deduction under section 10AA of the Income-tax Act in relation to an insurance claim for damage to fixed assets. The Tribunal held that the insurance claim amount could not be considered as profit derived from export activities, disallowing the deduction. The Tribunal directed further verification by the Assessing Officer for the additional grounds raised by the assessee. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379560