https://www.taxtmi.com/caselaws?id=359256 The High Court upheld the Income Tax Appellate Tribunal's decision, ruling that expenses excluded from export turnover must also be excluded from total turnover when computing deductions under Section 10A of the Income Tax Act. Emphasizing the need for uniformity in the calculation formula, the Court dismissed the appeal, citing the precedent set by a previous judgment in a similar case. The Court highlighted the importance of consistent treatment of expenses to avoid anomalies in profit apportionment for export-related incentives. The appeal was dismissed based on the principles established in the previous judgment. en-us Tue, 27 Mar 2018 00:00:00 +0530 Thu, 26 Apr 2018 09:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359256 The High Court upheld the Income Tax Appellate Tribunal's decision, ruling that expenses excluded from export turnover must also be excluded from total turnover when computing deductions under Section 10A of the Income Tax Act. Emphasizing the need for uniformity in the calculation formula, the Court dismissed the appeal, citing the precedent set by a previous judgment in a similar case. The Court highlighted the importance of consistent treatment of expenses to avoid anomalies in profit apportionment for export-related incentives. The appeal was dismissed based on the principles established in the previous judgment. Case-Laws Income Tax Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359256