https://www.taxtmi.com/caselaws?id=303415 The appeal filed by the Revenue was partly allowed for statistical purposes. The Special Bench held that exclusions from export turnover must also be excluded from total turnover for computing deduction u/s 10B. Regarding the provision for gratuity claim, the CIT(Appeals) allowed the claim based on Section 40A(7)(b) prevailing over Section 43B, emphasizing that payments to recognized approved funds were exempt from disallowance. The case was remitted back to the Assessing Officer for reconsideration as the aspects related to Section 40A(7)(a) and Section 43B were not verified. en-us Thu, 07 Mar 2013 00:00:00 +0530 Thu, 21 Jul 2022 12:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303415 The appeal filed by the Revenue was partly allowed for statistical purposes. The Special Bench held that exclusions from export turnover must also be excluded from total turnover for computing deduction u/s 10B. Regarding the provision for gratuity claim, the CIT(Appeals) allowed the claim based on Section 40A(7)(b) prevailing over Section 43B, emphasizing that payments to recognized approved funds were exempt from disallowance. The case was remitted back to the Assessing Officer for reconsideration as the aspects related to Section 40A(7)(a) and Section 43B were not verified. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303415