https://www.taxtmi.com/caselaws?id=752099 The ITAT Chennai held that the CIT(A) was unjustified in confirming the AO's exclusion of foreign currency expenditure from export turnover for computing deduction under section 10AA, following the Madras HC precedent. Regarding double addition of interest from fixed deposits, the tribunal directed the AO to decide on the pending rectification application under section 154. For short grant of TDS credit, the tribunal ordered the AO to provide full TDS credit as originally granted in the assessment order dated 20.03.2015. en-us Tue, 30 Apr 2024 00:00:00 +0530 Thu, 02 May 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752099 The ITAT Chennai held that the CIT(A) was unjustified in confirming the AO's exclusion of foreign currency expenditure from export turnover for computing deduction under section 10AA, following the Madras HC precedent. Regarding double addition of interest from fixed deposits, the tribunal directed the AO to decide on the pending rectification application under section 154. For short grant of TDS credit, the tribunal ordered the AO to provide full TDS credit as originally granted in the assessment order dated 20.03.2015. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752099