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of <h1>Karnataka HC affirms exclusion of expenses from turnover for relief under Income Tax Act</h1> <h3>The Commissioner of Income Tax Versus M/s Goodrich Aerospace & Maruthi Industrial Estate</h3> The Karnataka HC upheld the Tribunal's decision to exclude specific expenses from total turnover for relief under Section 10-A of the Income Tax Act, ... - The Karnataka High Court upheld the Tribunal's decision that certain expenses should be excluded from the total turnover when computing relief under Section 10-A of the Income Tax Act, 1961. The Court found no merit in the revenue's appeal and ruled in favor of the assessee.
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