While computing the direct cost attributable to export, the freight and insurance should be excluded for arriving at export profits

In a repreive to the assessee, the Bombay High Court has ruled that while computing the direct cost attributable to export, the freight and insurance should be excluded for arriving at export profits. The objective of the exclusion of freight and insurance is to ensure that the benefit of the deduction under provisio

Please become a Premium member. If you are already a Premium member, login here to access the full content.