https://www.taxtmi.com/caselaws?id=362644 The High Court ruled in favor of the assessee, holding that deductions on expenses related to export activities should be allowed from both Export Turnover and Total Turnover for computing benefits under Section 10A of the Income Tax Act. The Court emphasized the importance of allowing deductions on expenses like freight, telecommunication, and insurance attributable to the delivery of software to arrive at a fair and logical computation of profits, aligning with the legislative intent and previous judicial decisions. en-us Mon, 18 Jun 2018 00:00:00 +0530 Thu, 28 Jun 2018 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362644 The High Court ruled in favor of the assessee, holding that deductions on expenses related to export activities should be allowed from both Export Turnover and Total Turnover for computing benefits under Section 10A of the Income Tax Act. The Court emphasized the importance of allowing deductions on expenses like freight, telecommunication, and insurance attributable to the delivery of software to arrive at a fair and logical computation of profits, aligning with the legislative intent and previous judicial decisions. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362644