https://www.taxtmi.com/caselaws?id=391356 The Tribunal allowed the appeal of the assessee, directing the AO to grant the deduction of Rs. 10,33,675/- under Section 10A for the incremental invoicing pursuant to the APA agreement. The Tribunal held that the provisions of Section 92CD do not bar deductions under Section 10A and that the assessee had complied with the conditions of bringing convertible foreign exchange into India within the stipulated period. The Tribunal emphasized that the proviso to Section 92C(4) does not apply in the context of the APA, thereby entitling the assessee to the deduction. en-us Thu, 23 Jan 2020 00:00:00 +0530 Sat, 25 Jan 2020 18:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391356 The Tribunal allowed the appeal of the assessee, directing the AO to grant the deduction of Rs. 10,33,675/- under Section 10A for the incremental invoicing pursuant to the APA agreement. The Tribunal held that the provisions of Section 92CD do not bar deductions under Section 10A and that the assessee had complied with the conditions of bringing convertible foreign exchange into India within the stipulated period. The Tribunal emphasized that the proviso to Section 92C(4) does not apply in the context of the APA, thereby entitling the assessee to the deduction. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391356