https://www.taxtmi.com/caselaws?id=180918 The ITAT upheld the CIT(A)'s decision, affirming that expenses incurred in foreign currency for executing software projects or business outside India should be included in the export turnover under section 10A of the Income-tax Act, 1961. The ITAT dismissed the revenue's appeal, emphasizing the definition of computer software and relevant precedents, and concluded that the exclusion of such expenses was unwarranted. The decision addressed the core issue of including foreign currency expenses in the export turnover, dismissing concerns about contradictory stands and the nature of services provided. en-us Fri, 19 Sep 2008 00:00:00 +0530 Tue, 12 Dec 2023 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180918 The ITAT upheld the CIT(A)'s decision, affirming that expenses incurred in foreign currency for executing software projects or business outside India should be included in the export turnover under section 10A of the Income-tax Act, 1961. The ITAT dismissed the revenue's appeal, emphasizing the definition of computer software and relevant precedents, and concluded that the exclusion of such expenses was unwarranted. The decision addressed the core issue of including foreign currency expenses in the export turnover, dismissing concerns about contradictory stands and the nature of services provided. Case-Laws Income Tax Fri, 19 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180918