https://www.taxtmi.com/highlights?id=89067 ITAT allowed the assessee's appeal, directing the Assessing Officer (AO) to recalculate the exemption under Section 10AA by appropriately adjusting both sales and corresponding costs from SEZ unit transactions. The tribunal found that while the AO removed sales to other SEZ units, he failed to proportionately reduce the associated cost of sales. The ruling mandates a comprehensive review of the exemption calculation, ensuring that both revenue and expenditure are accurately proportioned, thereby potentially increasing the allowable exemption for the assessee. en-us Wed, 04 Jun 2025 08:40:40 +0530 Wed, 04 Jun 2025 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89067 ITAT allowed the assessee's appeal, directing the Assessing Officer (AO) to recalculate the exemption under Section 10AA by appropriately adjusting both sales and corresponding costs from SEZ unit transactions. The tribunal found that while the AO removed sales to other SEZ units, he failed to proportionately reduce the associated cost of sales. The ruling mandates a comprehensive review of the exemption calculation, ensuring that both revenue and expenditure are accurately proportioned, thereby potentially increasing the allowable exemption for the assessee. Highlights Income Tax Wed, 04 Jun 2025 08:40:40 +0530 https://www.taxtmi.com/highlights?id=89067