https://www.taxtmi.com/caselaws?id=402576 The court ruled in favor of the Assessee on all issues concerning tax holiday deductions under Sections 10A and 10B of the Income Tax Act. It allowed deductions for provisions written back and foreign exchange fluctuation gains, included foreign currency and telecommunication expenses in export turnover, and mandated calculating tax holiday deductions independently before set-off of brought forward losses. en-us Fri, 20 Nov 2020 00:00:00 +0530 Wed, 30 Oct 2024 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402576 The court ruled in favor of the Assessee on all issues concerning tax holiday deductions under Sections 10A and 10B of the Income Tax Act. It allowed deductions for provisions written back and foreign exchange fluctuation gains, included foreign currency and telecommunication expenses in export turnover, and mandated calculating tax holiday deductions independently before set-off of brought forward losses. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402576