https://www.taxtmi.com/caselaws?id=389626 The court clarified the treatment of unrealized sale proceeds in foreign exchange under Section 10A of the Income Tax Act, stating that such proceeds should be excluded from the numerator but included in the denominator when computing deductions. By referencing legal precedents and statutory provisions, the court ensured a comprehensive analysis, providing clarity on the formula for determining profits from export activities. en-us Tue, 03 Dec 2019 00:00:00 +0530 Thu, 12 Dec 2019 16:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389626 The court clarified the treatment of unrealized sale proceeds in foreign exchange under Section 10A of the Income Tax Act, stating that such proceeds should be excluded from the numerator but included in the denominator when computing deductions. By referencing legal precedents and statutory provisions, the court ensured a comprehensive analysis, providing clarity on the formula for determining profits from export activities. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389626