https://www.taxtmi.com/caselaws?id=772113 ITAT Mumbai allowed assessee's appeal regarding Section 10AA exemption calculation. AO erroneously reduced export sales by excluding sales to other SEZ units but failed to correspondingly reduce the related costs. The tribunal found that when AO removed sales of Rs. 42,83,757 from export sales, the corresponding cost of Rs. 34,15,260 should have been proportionally reduced from total costs. ITAT directed AO to verify figures and allow additional exemption amount based on correct profit calculation after proper adjustment of both sales and corresponding costs for SEZ unit exemption computation. en-us Thu, 22 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 17:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772113 ITAT Mumbai allowed assessee's appeal regarding Section 10AA exemption calculation. AO erroneously reduced export sales by excluding sales to other SEZ units but failed to correspondingly reduce the related costs. The tribunal found that when AO removed sales of Rs. 42,83,757 from export sales, the corresponding cost of Rs. 34,15,260 should have been proportionally reduced from total costs. ITAT directed AO to verify figures and allow additional exemption amount based on correct profit calculation after proper adjustment of both sales and corresponding costs for SEZ unit exemption computation. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772113