https://www.taxtmi.com/caselaws?id=404855 The Court dismissed the Revenue's appeals challenging the interpretation of Section 10B for deduction claims by an assessee company engaged in Software Analysis, Design, and Development for the Assessment Year 2004-05. The Court upheld the Tribunal's decisions in favor of the assessee, rejecting the Revenue's arguments regarding the inclusion of certain amounts in export turnover, disallowance of export proceeds and foreign exchange loss, treatment of expenditure in foreign exchange, exclusion of certain expenses, loss on foreign exchange fluctuation, and exclusion of unrealized onsite development revenue. The Court found no contrary judgments and ruled in favor of the assessee, affirming the Tribunal's decisions. en-us Wed, 24 Feb 2021 00:00:00 +0530 Thu, 04 Mar 2021 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404855 The Court dismissed the Revenue's appeals challenging the interpretation of Section 10B for deduction claims by an assessee company engaged in Software Analysis, Design, and Development for the Assessment Year 2004-05. The Court upheld the Tribunal's decisions in favor of the assessee, rejecting the Revenue's arguments regarding the inclusion of certain amounts in export turnover, disallowance of export proceeds and foreign exchange loss, treatment of expenditure in foreign exchange, exclusion of certain expenses, loss on foreign exchange fluctuation, and exclusion of unrealized onsite development revenue. The Court found no contrary judgments and ruled in favor of the assessee, affirming the Tribunal's decisions. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404855