Section 10AA Deduction allowable on enhanced profits after considering section 69C disallowance

Amrapali Exports Vs DCIT (ITAT Jaipur)

The issue under consideration is whether the deduction u/s 10AA is allowed on the enhanced profits after considering the disallowance u/s 69C?

In the present case, assessee engaged in manufacturing and export of gold, silver and base material jewellery plain and studded with precious and semi precious stones was eligible for deduction under section 10AA. AO treated 25% of purchases as claimed by the assessee as non-genuine and made ad

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