https://www.taxtmi.com/caselaws?id=212406 The High Court interpreted Section 10A of the Income-tax Act, 1961, emphasizing uniformity in the formula for relief computation to avoid anomalies. It ruled that export turnover should be excluded from total turnover to align with legislative intent. The court held that expenses excluded from export turnover should also be excluded from total turnover. As the interpretation of Section 10A was decisive, the court did not address the setting aside of proceedings under Section 148, ultimately dismissing the appeal in favor of the assessee and against the revenue. en-us Wed, 02 Nov 2011 00:00:00 +0530 Tue, 25 Jun 2013 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212406 The High Court interpreted Section 10A of the Income-tax Act, 1961, emphasizing uniformity in the formula for relief computation to avoid anomalies. It ruled that export turnover should be excluded from total turnover to align with legislative intent. The court held that expenses excluded from export turnover should also be excluded from total turnover. As the interpretation of Section 10A was decisive, the court did not address the setting aside of proceedings under Section 148, ultimately dismissing the appeal in favor of the assessee and against the revenue. Case-Laws Income Tax Wed, 02 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212406