Software development expenditure - Expenditure incurred on development of various software packages for being sold is revenue expenditure

IT-I : Software development expenditure - Expenditure incurred on development of various software packages for being sold is revenue expenditure

IT-II (i) : Scope and extent of s. 10A - Section 10A no longer provides for exemption of income; it provides for a deduction


IT-II (ii) : Unabsorbed depreciation and loss - Unabsorbed depreciation or losses suffered in an EOU for assessment year 2001-02 onwards can be carried forward

IT-III : Gain on foreign exchange fluctuation eligible u/s 10A - Gain on foreign exchange fluctuation is on account of collection of export proceeds is eligible for section 10A deduction - [2012] 26 taxmann.com 47 (Pune - Trib.)