https://www.taxtmi.com/caselaws?id=347667 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection for the Assessment Year 2010-11. The decision was based on the interpretation that expenses excluded from export turnover should also be excluded from total turnover for computing the eligible deduction under Sections 10A and 10AA of the Income-tax Act. The Tribunal relied on precedents, particularly decisions of the Hon'ble Karnataka High Court, to support its conclusions in favor of the assessee. en-us Fri, 02 Jun 2017 00:00:00 +0530 Fri, 08 Sep 2017 07:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347667 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection for the Assessment Year 2010-11. The decision was based on the interpretation that expenses excluded from export turnover should also be excluded from total turnover for computing the eligible deduction under Sections 10A and 10AA of the Income-tax Act. The Tribunal relied on precedents, particularly decisions of the Hon'ble Karnataka High Court, to support its conclusions in favor of the assessee. Case-Laws Income Tax Fri, 02 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347667