https://www.taxtmi.com/caselaws?id=301393 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to re-compute the deduction u/s 10A of the Act. The Tribunal held that certain expenses should be reduced from both export turnover and total turnover, in line with precedents from various courts. Additionally, statutory disallowances cannot be excluded from income for computing the deduction u/s 10A, as per decisions from the Hon'ble Bombay High Court and other Tribunal benches. The assessee's grounds on these issues were upheld, resulting in a favorable outcome for the assessee. en-us Fri, 07 Jun 2013 00:00:00 +0530 Sat, 02 Apr 2022 12:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301393 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to re-compute the deduction u/s 10A of the Act. The Tribunal held that certain expenses should be reduced from both export turnover and total turnover, in line with precedents from various courts. Additionally, statutory disallowances cannot be excluded from income for computing the deduction u/s 10A, as per decisions from the Hon'ble Bombay High Court and other Tribunal benches. The assessee's grounds on these issues were upheld, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301393