https://www.taxtmi.com/caselaws?id=389334 For deduction under export-profit computation, 90% of truck hire, barge hire, ore processing, trans-shipper loader, machinery hire and launch hire receipts was required to be excluded under clause (baa), and that exclusion applied against the assessee. The computation under clause (baa) had to be made on net receipts, not gross receipts, so the orders were modified to that extent in favour of the assessee. Losses from export of trading goods relating to disclaimed turnover were also added to the profit eligible for deduction, following binding precedent, and that relief was allowed. en-us Fri, 22 Nov 2019 00:00:00 +0530 Thu, 05 Dec 2019 13:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389334 For deduction under export-profit computation, 90% of truck hire, barge hire, ore processing, trans-shipper loader, machinery hire and launch hire receipts was required to be excluded under clause (baa), and that exclusion applied against the assessee. The computation under clause (baa) had to be made on net receipts, not gross receipts, so the orders were modified to that extent in favour of the assessee. Losses from export of trading goods relating to disclaimed turnover were also added to the profit eligible for deduction, following binding precedent, and that relief was allowed. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389334