https://www.taxtmi.com/caselaws?id=363178 The High Court dismissed the Revenue's appeal challenging the ITAT Order for AY 2009-10 regarding the deduction of expenses from Export Turnover for Section 10A computation. The Court affirmed that expenses excluded from Export Turnover must also be excluded from Total Turnover to align with legislative intent and prevent unjust outcomes, as established in relevant case law. The judgment emphasized the necessity of maintaining consistency in deductions from both turnovers to ensure accurate computation of profits from export business. en-us Fri, 29 Jun 2018 00:00:00 +0530 Sat, 21 Jul 2018 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363178 The High Court dismissed the Revenue's appeal challenging the ITAT Order for AY 2009-10 regarding the deduction of expenses from Export Turnover for Section 10A computation. The Court affirmed that expenses excluded from Export Turnover must also be excluded from Total Turnover to align with legislative intent and prevent unjust outcomes, as established in relevant case law. The judgment emphasized the necessity of maintaining consistency in deductions from both turnovers to ensure accurate computation of profits from export business. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363178