https://www.taxtmi.com/caselaws?id=64852 The Tribunal upheld the decision of the Commissioner (Appeals), affirming that expenses incurred in foreign exchange for payments to software professionals outside India and for sending software professionals abroad should be excluded from the total turnover when computing deductions under Section 10A of the Income Tax Act, 1961. The Tribunal agreed that excluding these expenses from both the export turnover and the total turnover maintains consistency in the computation formula. Consequently, the revenue's appeal was dismissed, confirming the exclusion of these foreign exchange expenditures from the total turnover. en-us Fri, 30 Mar 2007 00:00:00 +0530 Mon, 29 Jan 2024 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64852 The Tribunal upheld the decision of the Commissioner (Appeals), affirming that expenses incurred in foreign exchange for payments to software professionals outside India and for sending software professionals abroad should be excluded from the total turnover when computing deductions under Section 10A of the Income Tax Act, 1961. The Tribunal agreed that excluding these expenses from both the export turnover and the total turnover maintains consistency in the computation formula. Consequently, the revenue's appeal was dismissed, confirming the exclusion of these foreign exchange expenditures from the total turnover. Case-Laws Income Tax Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64852