https://www.taxtmi.com/caselaws?id=297028 The appeal was dismissed, upholding the Commissioner of Income-tax [Appeals]' decision to allow the deduction u/s 10B for the assessee. The assessee, engaged in manufacturing and export, was initially denied the exemption by the Assessing Officer. However, the Commissioner ruled in favor of the assessee, considering their manufacturing process as qualifying for the exemption and deeming sales to another Export Oriented Unit as exports. The decision emphasized the significance of convertible foreign exchange in determining eligibility for tax exemptions under section 10B of the Income-tax Act, 1961. en-us Tue, 24 May 2011 00:00:00 +0530 Mon, 16 Aug 2021 16:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297028 The appeal was dismissed, upholding the Commissioner of Income-tax [Appeals]' decision to allow the deduction u/s 10B for the assessee. The assessee, engaged in manufacturing and export, was initially denied the exemption by the Assessing Officer. However, the Commissioner ruled in favor of the assessee, considering their manufacturing process as qualifying for the exemption and deeming sales to another Export Oriented Unit as exports. The decision emphasized the significance of convertible foreign exchange in determining eligibility for tax exemptions under section 10B of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 24 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297028