https://www.taxtmi.com/caselaws?id=325276 The High Court dismissed the appeal, affirming the Tribunal's decision not to exclude expenses in foreign currency from export turnover for deduction under Section 10A of the Income Tax Act. The Court relied on the precedent set in the case of Commissioner of Income Tax vs. Tata Elxsi Ltd., stating that the issue had already been settled in previous judgments. The Court directed the Assessing Officer to adhere to its order, with provisions for potential consequential actions based on pending Special Leave Petitions before the Apex Court. en-us Mon, 15 Feb 2016 00:00:00 +0530 Mon, 02 May 2016 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325276 The High Court dismissed the appeal, affirming the Tribunal's decision not to exclude expenses in foreign currency from export turnover for deduction under Section 10A of the Income Tax Act. The Court relied on the precedent set in the case of Commissioner of Income Tax vs. Tata Elxsi Ltd., stating that the issue had already been settled in previous judgments. The Court directed the Assessing Officer to adhere to its order, with provisions for potential consequential actions based on pending Special Leave Petitions before the Apex Court. Case-Laws Income Tax Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325276