https://www.taxtmi.com/caselaws?id=30865 Exemptions under sections 10A/10B were contested on the ground that direct exports fell below the 75% threshold; the assessing officer rejected the taxpayer's claim that stock transfers to a foreign unit constituted export sales. The tribunal found that the transferred stock had been sold by the foreign unit and therefore qualified as actual exports for computing exemption eligibility, resulting in allowance of the exemption and dismissal of the revenue's appeal. The decision rests on factual characterisation of transfers as commercial exports. en-us Mon, 22 Sep 2008 00:00:00 +0530 Mon, 09 Feb 2026 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30865 Exemptions under sections 10A/10B were contested on the ground that direct exports fell below the 75% threshold; the assessing officer rejected the taxpayer's claim that stock transfers to a foreign unit constituted export sales. The tribunal found that the transferred stock had been sold by the foreign unit and therefore qualified as actual exports for computing exemption eligibility, resulting in allowance of the exemption and dismissal of the revenue's appeal. The decision rests on factual characterisation of transfers as commercial exports. Case-Laws Income Tax Mon, 22 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30865