https://www.taxtmi.com/caselaws?id=326306 The Tribunal dismissed the revenue's appeal and affirmed the decision to exclude expenditure in foreign currency for tour and travel expenses from both export turnover and total turnover when computing deductions under Section 10A of the Income Tax Act. The Tribunal emphasized the need for consistency in treatment of expenses in the formula, citing previous judgments and legislative intent to promote exports. The decision aligned with principles established by the High Court and a Special Bench judgment, ensuring uniformity in elements of the deduction calculation. en-us Tue, 08 Mar 2016 00:00:00 +0530 Tue, 12 Apr 2016 11:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326306 The Tribunal dismissed the revenue's appeal and affirmed the decision to exclude expenditure in foreign currency for tour and travel expenses from both export turnover and total turnover when computing deductions under Section 10A of the Income Tax Act. The Tribunal emphasized the need for consistency in treatment of expenses in the formula, citing previous judgments and legislative intent to promote exports. The decision aligned with principles established by the High Court and a Special Bench judgment, ensuring uniformity in elements of the deduction calculation. Case-Laws Income Tax Tue, 08 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326306