https://www.taxtmi.com/caselaws?id=359589 The High Court dismissed the Revenue's appeal under Section 260-A of the Income Tax Act against the order of the Income Tax Appellate Tribunal for the Assessment Year 2009-2010. The Court upheld the decision that expenses reduced from export turnover should also be reduced from total turnover for computing profits eligible for deduction under Sections 10-A and 10-B of the Act. The Court emphasized consistency in the treatment of expenses in both turnovers, aligning with legislative intent and previous judicial interpretations. en-us Wed, 28 Feb 2018 00:00:00 +0530 Wed, 02 May 2018 06:25:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359589 The High Court dismissed the Revenue's appeal under Section 260-A of the Income Tax Act against the order of the Income Tax Appellate Tribunal for the Assessment Year 2009-2010. The Court upheld the decision that expenses reduced from export turnover should also be reduced from total turnover for computing profits eligible for deduction under Sections 10-A and 10-B of the Act. The Court emphasized consistency in the treatment of expenses in both turnovers, aligning with legislative intent and previous judicial interpretations. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359589