https://www.taxtmi.com/caselaws?id=213537 The High Court upheld the Tribunal's decision to exclude the assessee's expenditure from the total turnover when calculating relief under Section 10-A of the Income Tax Act, 1961. Emphasizing the need for consistency in treating export turnover components, the Court clarified that expenses excluded from export turnover should also be excluded from total turnover calculations. Aligning with legislative intent to incentivize exports, the Court dismissed the appeal, ruling in favor of the assessee and against the revenue. en-us Wed, 02 Nov 2011 00:00:00 +0530 Wed, 13 Apr 2016 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213537 The High Court upheld the Tribunal's decision to exclude the assessee's expenditure from the total turnover when calculating relief under Section 10-A of the Income Tax Act, 1961. Emphasizing the need for consistency in treating export turnover components, the Court clarified that expenses excluded from export turnover should also be excluded from total turnover calculations. Aligning with legislative intent to incentivize exports, the Court dismissed the appeal, ruling 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=213537