https://www.taxtmi.com/caselaws?id=280772 While computing deduction under Section 10AA, expenses excluded from export turnover must also be excluded from total turnover, because the formula requires parity between numerator and denominator to avoid an unworkable and distorted result. For MAT credit under Section 115JB, surcharge and education cess are treated as part of income-tax in the relevant statutory context, so credit is not confined to tax alone. The note therefore records that the Revenue's objections on both issues failed and the assessee's position was upheld on each substantive tax question. en-us Thu, 31 May 2018 00:00:00 +0530 Tue, 21 May 2019 06:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280772 While computing deduction under Section 10AA, expenses excluded from export turnover must also be excluded from total turnover, because the formula requires parity between numerator and denominator to avoid an unworkable and distorted result. For MAT credit under Section 115JB, surcharge and education cess are treated as part of income-tax in the relevant statutory context, so credit is not confined to tax alone. The note therefore records that the Revenue's objections on both issues failed and the assessee's position was upheld on each substantive tax question. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280772