https://www.taxtmi.com/caselaws?id=183827 The Tribunal upheld the CIT(A)'s decision to exclude 50% of telecommunication charges from total turnover for deduction under Section 10A, following the principle that certain expenses are not considered as part of turnover. Additionally, the Tribunal agreed with the CIT(A) that deduction under Section 10A can be allowed without setting off brought forward unabsorbed depreciation and business losses, emphasizing that the computation should be based on profits of the assessment year without reducing losses. The revenue's appeals were dismissed, affirming the CIT(A)'s decisions on both issues. en-us Fri, 24 Jul 2009 00:00:00 +0530 Wed, 22 Jun 2016 17:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183827 The Tribunal upheld the CIT(A)'s decision to exclude 50% of telecommunication charges from total turnover for deduction under Section 10A, following the principle that certain expenses are not considered as part of turnover. Additionally, the Tribunal agreed with the CIT(A) that deduction under Section 10A can be allowed without setting off brought forward unabsorbed depreciation and business losses, emphasizing that the computation should be based on profits of the assessment year without reducing losses. The revenue's appeals were dismissed, affirming the CIT(A)'s decisions on both issues. Case-Laws Income Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183827