https://www.taxtmi.com/caselaws?id=187090 The High Court remanded the case to the Tribunal to reconsider excluding expenses in foreign currency from export turnover for computing deductions under Section 10A of the Income Tax Act. The Tribunal ruled in favor of the assessee, stating that expenses in foreign currency should not be reduced from export turnover. Regarding telecommunication and insurance charges, the Tribunal directed the Assessing Officer to verify their inclusion in export turnover before reducing them from the calculation. The appeals for different assessment years were partly allowed or allowed based on these considerations. en-us Fri, 20 Mar 2015 00:00:00 +0530 Mon, 10 Oct 2016 12:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187090 The High Court remanded the case to the Tribunal to reconsider excluding expenses in foreign currency from export turnover for computing deductions under Section 10A of the Income Tax Act. The Tribunal ruled in favor of the assessee, stating that expenses in foreign currency should not be reduced from export turnover. Regarding telecommunication and insurance charges, the Tribunal directed the Assessing Officer to verify their inclusion in export turnover before reducing them from the calculation. The appeals for different assessment years were partly allowed or allowed based on these considerations. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187090