https://www.taxtmi.com/caselaws?id=268042 For export-related deductions, expenses excluded from export turnover must also be excluded from total turnover so the computation formula remains consistent, and the turnover adjustment was sustained. Deduction under section 10B required clear approval by the competent Board under the industrial law framework; because that approval was not clearly established, the matter was remanded for fresh verification. The alternative claim under section 10A was also left open for examination if section 10B relief was unavailable. The overall result was that the Revenue's turnover-based challenge failed, while the deduction issue required further assessment. en-us Fri, 19 Jun 2015 00:00:00 +0530 Thu, 19 Nov 2015 06:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268042 For export-related deductions, expenses excluded from export turnover must also be excluded from total turnover so the computation formula remains consistent, and the turnover adjustment was sustained. Deduction under section 10B required clear approval by the competent Board under the industrial law framework; because that approval was not clearly established, the matter was remanded for fresh verification. The alternative claim under section 10A was also left open for examination if section 10B relief was unavailable. The overall result was that the Revenue's turnover-based challenge failed, while the deduction issue required further assessment. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268042