https://www.taxtmi.com/caselaws?id=253287 The Tribunal upheld the CIT(A)'s decision that certain expenses in foreign exchange and insurance & communication should not be excluded from export turnover for deduction u/s 10A of the IT Act. The expenses lacked a nexus with export services and were not part of the sale consideration, as per relevant provisions and agreements with overseas clients. Precedents were cited to support the decision, dismissing the department's appeal and affirming that these expenses should not be excluded from export turnover. en-us Fri, 14 Nov 2014 00:00:00 +0530 Thu, 20 Nov 2014 12:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253287 The Tribunal upheld the CIT(A)'s decision that certain expenses in foreign exchange and insurance & communication should not be excluded from export turnover for deduction u/s 10A of the IT Act. The expenses lacked a nexus with export services and were not part of the sale consideration, as per relevant provisions and agreements with overseas clients. Precedents were cited to support the decision, dismissing the department's appeal and affirming that these expenses should not be excluded from export turnover. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253287