Computation of deduction u/s 10A - belated receipt of foreign ...

Case Laws Income Tax

July 24, 2021

Computation of deduction u/s 10A - belated receipt of foreign remittances on account of export sales - The only reason for not considering the alleged amount while computing deduction under section 10A of the Act was that, such amount was received belatedly beyond the period of six (6) months mentioned in the statute, and application for extension of time for receiving such foreign remittances have been filed with the authorized bankers and the applications were not been rejected. - the assessee is entitled to the benefit of deduction u/s 10A - AT

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Computation of deduction u/s 10A - belated receipt of foreign ...

Case Laws Income Tax

July 24, 2021

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