https://www.taxtmi.com/caselaws?id=294738 The appeal filed by the assessee was partly allowed with specific directions for re-assessment by the AO on certain issues. The Tribunal directed the AO to grant netting benefit for bank interest, reconsider job work charges based on net receipts, and differentiate exchange gains on loans. The addition of interest on delayed export payments was sent back to the AO for further verification. The appeal by the Revenue, contesting the exclusion of SEZ unit profits from MAT computation, was dismissed, affirming the CIT(A)'s decision. en-us Wed, 15 Apr 2015 00:00:00 +0530 Fri, 30 Apr 2021 19:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294738 The appeal filed by the assessee was partly allowed with specific directions for re-assessment by the AO on certain issues. The Tribunal directed the AO to grant netting benefit for bank interest, reconsider job work charges based on net receipts, and differentiate exchange gains on loans. The addition of interest on delayed export payments was sent back to the AO for further verification. The appeal by the Revenue, contesting the exclusion of SEZ unit profits from MAT computation, was dismissed, affirming the CIT(A)'s decision. Case-Laws Income Tax Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294738