https://www.taxtmi.com/caselaws?id=390103 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. Several issues were restored to the CIT(A) for fresh adjudication, including the treatment of software development expenditure, exclusions from profits of the 10A unit, amount wrongly reduced from export turnover, export sale proceeds realized late, expenses incurred in foreign currency, and expenses reduced from export turnover to be reduced from total turnover. The disallowance of brokerage charges and interest on debonding charges was upheld, while the levy of interest under sections 234B and 234D was deemed consequential. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390103 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. Several issues were restored to the CIT(A) for fresh adjudication, including the treatment of software development expenditure, exclusions from profits of the 10A unit, amount wrongly reduced from export turnover, export sale proceeds realized late, expenses incurred in foreign currency, and expenses reduced from export turnover to be reduced from total turnover. The disallowance of brokerage charges and interest on debonding charges was upheld, while the levy of interest under sections 234B and 234D was deemed consequential. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390103