https://www.taxtmi.com/caselaws?id=372750 The High Court of Madras clarified that expenditure in foreign currency excluded from export turnover should also be excluded from total turnover for relief under Section 10A of the Income Tax Act, 1961. The court referenced a Supreme Court ruling to support this interpretation and dismissed the Revenue's appeal, aligning with established legal principles. This judgment provides clarity on the application of relevant provisions and confirms that the definition of total turnover under different sections cannot be directly applied to Section 10A. en-us Tue, 20 Nov 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372750 The High Court of Madras clarified that expenditure in foreign currency excluded from export turnover should also be excluded from total turnover for relief under Section 10A of the Income Tax Act, 1961. The court referenced a Supreme Court ruling to support this interpretation and dismissed the Revenue's appeal, aligning with established legal principles. This judgment provides clarity on the application of relevant provisions and confirms that the definition of total turnover under different sections cannot be directly applied to Section 10A. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372750