https://www.taxtmi.com/caselaws?id=206166 The case involved issues regarding the computation of deduction under section 10A of the Act, including the treatment of interest received from bank deposits, the definition of "Total Turnover," and "Export Turnover." The court ruled that interest income should not be included in "Profits of Business," and turnover calculations should be undertaking-specific. Telecommunication charges were to be deducted for consistency. The matter was remanded for re-computation by the Assessing Officer. The appeals for the assessment years 2003-04 and 2005-06 were partly allowed, and the appeal for 2004-05 was allowed. en-us Wed, 24 Nov 2010 00:00:00 +0530 Fri, 24 Aug 2012 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206166 The case involved issues regarding the computation of deduction under section 10A of the Act, including the treatment of interest received from bank deposits, the definition of "Total Turnover," and "Export Turnover." The court ruled that interest income should not be included in "Profits of Business," and turnover calculations should be undertaking-specific. Telecommunication charges were to be deducted for consistency. The matter was remanded for re-computation by the Assessing Officer. The appeals for the assessment years 2003-04 and 2005-06 were partly allowed, and the appeal for 2004-05 was allowed. Case-Laws Income Tax Wed, 24 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206166