Tag: foreign tax credit as per Rule 128

CORPORATE AND PROFESSIONAL UPDATE SEPTEMBER 23rd 2017 DIRECT  TAX Delhi ITAT allows deduction u/s 10B to assessee [(operating an Export Oriented Unit (EOU)] for AY 2010-11 and AY 2011-12 in respect of duty drawback receipts forming part of EOU’s profits, ITAT holds that manner of computing profits u/s 10B(4) does not require direct nexus with business …