https://www.taxtmi.com/caselaws?id=364322 The High Court upheld the decisions of the Tribunal in both the assessee's and Revenue's appeals, emphasizing the consistent application of exemptions and deductions under the Income Tax Act. The assessee's claim for exemption under Annexure-A notification was denied, as the High Court held that the exemption provided under other Acts did not apply due to the absence of a non obstante clause in the FTDR Act. Additionally, the exclusion of reimbursed expenses from the total turnover under Section 10A of the IT Act was upheld to maintain consistency and prevent unjust outcomes, as ruled in previous cases. en-us Fri, 20 Jul 2018 00:00:00 +0530 Thu, 26 Jul 2018 08:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364322 The High Court upheld the decisions of the Tribunal in both the assessee's and Revenue's appeals, emphasizing the consistent application of exemptions and deductions under the Income Tax Act. The assessee's claim for exemption under Annexure-A notification was denied, as the High Court held that the exemption provided under other Acts did not apply due to the absence of a non obstante clause in the FTDR Act. Additionally, the exclusion of reimbursed expenses from the total turnover under Section 10A of the IT Act was upheld to maintain consistency and prevent unjust outcomes, as ruled in previous cases. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364322