https://www.taxtmi.com/caselaws?id=402385 The Tribunal allowed the appeal of the assessee, overturning the decision of the CIT(A) regarding the denial of deduction under Section 10A of the Income Tax Act for export revenue subsidy, miscellaneous income, and sundry balances written off. The Tribunal held that all profits, including those incidental to the export business, are eligible for deduction under Section 10A. It directed the Assessing Officer to compute the deduction in accordance with the statutory formula provided in Section 10A(4) of the Act. en-us Mon, 07 Sep 2020 00:00:00 +0530 Thu, 31 Dec 2020 13:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402385 The Tribunal allowed the appeal of the assessee, overturning the decision of the CIT(A) regarding the denial of deduction under Section 10A of the Income Tax Act for export revenue subsidy, miscellaneous income, and sundry balances written off. The Tribunal held that all profits, including those incidental to the export business, are eligible for deduction under Section 10A. It directed the Assessing Officer to compute the deduction in accordance with the statutory formula provided in Section 10A(4) of the Act. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402385