https://www.taxtmi.com/caselaws?id=70680 The Tribunal held that for computing deductions under Section 10B of the IT Act, expenses incurred in foreign exchange for technical services outside India, along with freight, telecommunication charges, and insurance related to the delivery of software outside India, must be excluded from both export turnover and total turnover. This decision ensures parity and prevents skewed results in the deduction computation. The appeals filed by the Department were dismissed, with the Tribunal directing that similar cases be decided in accordance with this ruling. en-us Fri, 06 Mar 2009 00:00:00 +0530 Mon, 30 Oct 2023 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70680 The Tribunal held that for computing deductions under Section 10B of the IT Act, expenses incurred in foreign exchange for technical services outside India, along with freight, telecommunication charges, and insurance related to the delivery of software outside India, must be excluded from both export turnover and total turnover. This decision ensures parity and prevents skewed results in the deduction computation. The appeals filed by the Department were dismissed, with the Tribunal directing that similar cases be decided in accordance with this ruling. Case-Laws Income Tax Fri, 06 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70680