https://www.taxtmi.com/caselaws?id=249044 The court upheld the CIT(A)'s decision regarding the deduction u/s 10A claimed by the assessee company, emphasizing the exclusion of a portion of the corporate subsidy from the export turnover calculation. Specific expenses, like lease line charges, were excluded from the export turnover for deduction calculation purposes. The judgment stressed the need for parity between export turnover and total turnover in computing deductions under section 10A, citing judicial precedents to ensure consistency and fairness in taxation treatment. The department's appeal was dismissed based on a thorough analysis of legal arguments and precedents. en-us Fri, 20 Jun 2014 00:00:00 +0530 Thu, 03 Jul 2014 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249044 The court upheld the CIT(A)'s decision regarding the deduction u/s 10A claimed by the assessee company, emphasizing the exclusion of a portion of the corporate subsidy from the export turnover calculation. Specific expenses, like lease line charges, were excluded from the export turnover for deduction calculation purposes. The judgment stressed the need for parity between export turnover and total turnover in computing deductions under section 10A, citing judicial precedents to ensure consistency and fairness in taxation treatment. The department's appeal was dismissed based on a thorough analysis of legal arguments and precedents. Case-Laws Income Tax Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249044