https://www.taxtmi.com/caselaws?id=283777 The ITAT upheld the disallowance of deduction u/s 10B for sales to SEZ units received in Indian Rupees, citing non-bringing of convertible foreign exchange. The issue of deduction for the manufacture of CCGL was remanded for detailed examination to determine if the process constituted manufacturing. The reopening of assessments u/s 147 for A.Y. 2004-05, 2005-06, and 2006-07 was affirmed based on tangible material indicating income escapement. All appeals were partly allowed for statistical purposes. en-us Tue, 25 Jun 2013 00:00:00 +0530 Fri, 11 Oct 2019 12:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283777 The ITAT upheld the disallowance of deduction u/s 10B for sales to SEZ units received in Indian Rupees, citing non-bringing of convertible foreign exchange. The issue of deduction for the manufacture of CCGL was remanded for detailed examination to determine if the process constituted manufacturing. The reopening of assessments u/s 147 for A.Y. 2004-05, 2005-06, and 2006-07 was affirmed based on tangible material indicating income escapement. All appeals were partly allowed for statistical purposes. Case-Laws Income Tax Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283777