https://www.taxtmi.com/caselaws?id=59485 The Tribunal held that only realized trading export turnover should be deducted from total turnover to arrive at adjusted total turnover. However, they ruled that only direct costs attributable to realized trading exports should be considered for the deduction under section 80HHC. Including direct costs related to unrealized trading exports would result in an extra deduction for the assessee, as profit from unrealized exports was already included in the adjusted profit calculation. The Tribunal partially allowed the revenue's appeal, clarifying the treatment of unrealized export proceeds and direct costs in the deduction calculation under section 80HHC. en-us Tue, 11 Jul 2006 00:00:00 +0530 Thu, 30 Dec 2010 10:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59485 The Tribunal held that only realized trading export turnover should be deducted from total turnover to arrive at adjusted total turnover. However, they ruled that only direct costs attributable to realized trading exports should be considered for the deduction under section 80HHC. Including direct costs related to unrealized trading exports would result in an extra deduction for the assessee, as profit from unrealized exports was already included in the adjusted profit calculation. The Tribunal partially allowed the revenue's appeal, clarifying the treatment of unrealized export proceeds and direct costs in the deduction calculation under section 80HHC. Case-Laws Income Tax Tue, 11 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59485