https://www.taxtmi.com/caselaws?id=188765 The Tribunal ruled in favor of the assessee on both issues presented in the case. It held that certain expenditures in foreign currency should be excluded from turnover for deduction purposes under section 10A of the Act. Additionally, profits from services rendered outside India were deemed eligible for deduction under the same section. The Tribunal dismissed the revenue's appeals, upholding the decisions in favor of the assessee. The judgment was issued by the Appellate Tribunal ITAT Bangalore on 18th December 2009. en-us Fri, 18 Dec 2009 00:00:00 +0530 Thu, 15 Dec 2016 16:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188765 The Tribunal ruled in favor of the assessee on both issues presented in the case. It held that certain expenditures in foreign currency should be excluded from turnover for deduction purposes under section 10A of the Act. Additionally, profits from services rendered outside India were deemed eligible for deduction under the same section. The Tribunal dismissed the revenue's appeals, upholding the decisions in favor of the assessee. The judgment was issued by the Appellate Tribunal ITAT Bangalore on 18th December 2009. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188765