https://www.taxtmi.com/caselaws?id=260399 The High Court of Karnataka upheld the Tribunal's decision regarding the interpretation of Section 10A of the Income Tax Act, 1961 post-amendment. The Court ruled that the deduction computation should consider the total turnover of the undertaking, not the entire business of the Company. It was held that the Assessing Officer's decision did not require detailed reasons and was in compliance with the amended provision. The appeal raised by the Revenue was dismissed as no substantial question of law arose for determination. en-us Mon, 06 Apr 2015 00:00:00 +0530 Thu, 11 Jun 2015 06:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260399 The High Court of Karnataka upheld the Tribunal's decision regarding the interpretation of Section 10A of the Income Tax Act, 1961 post-amendment. The Court ruled that the deduction computation should consider the total turnover of the undertaking, not the entire business of the Company. It was held that the Assessing Officer's decision did not require detailed reasons and was in compliance with the amended provision. The appeal raised by the Revenue was dismissed as no substantial question of law arose for determination. Case-Laws Income Tax Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260399