Bombay HC dismisses revenue's appeal on expense reduction for Section 10A under Income Tax Act

The Bombay HC dismissed the revenue's appeal on reducing certain expenses from total turnover for applying Section 10A of the Income Tax Act, 1961, citing precedent.

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The Bombay High Court dismissed the appeal by the revenue regarding the reduction of communication charges, professional fees, and foreign exchange expenses from total turnover for applying Section 10A of the Income Tax Act, 1961. The court referred to a previous decision in CIT v/s. Gem Plus Jewellery India Ltd. and concluded that the appeal had no merit.

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