https://www.taxtmi.com/caselaws?id=212407 The court affirmed the dismissal of the appeal, emphasizing the need for consistency in interpreting the formula components under section 10A of the Income-tax Act, 1961. The judgment clarified that expenditure excluded from the export turnover in the numerator should also be excluded when calculating the export turnover as part of the total turnover in the denominator. This alignment ensures the legislative intent of promoting exports through incentives is respected, maintaining a uniform approach in calculating deductions under section 10A to prevent misinterpretations or inconsistencies. en-us Wed, 02 Nov 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212407 The court affirmed the dismissal of the appeal, emphasizing the need for consistency in interpreting the formula components under section 10A of the Income-tax Act, 1961. The judgment clarified that expenditure excluded from the export turnover in the numerator should also be excluded when calculating the export turnover as part of the total turnover in the denominator. This alignment ensures the legislative intent of promoting exports through incentives is respected, maintaining a uniform approach in calculating deductions under section 10A to prevent misinterpretations or inconsistencies. Case-Laws Income Tax Wed, 02 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212407