https://www.taxtmi.com/caselaws?id=281086 Expenses reduced from export turnover must also be excluded from total turnover when computing deduction under Section 10A and Section 10B of the Income-tax Act, 1961, because the Bombay High Court followed its earlier ruling in Commissioner of Income Tax v. Gem Plus Jewellery India Ltd. that the statutory computation requires parity between export turnover and total turnover. No reason was found to depart from that view, so the issue was decided in favour of the assessee and against the Revenue. en-us Fri, 11 Jan 2013 00:00:00 +0530 Mon, 03 Jun 2019 14:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281086 Expenses reduced from export turnover must also be excluded from total turnover when computing deduction under Section 10A and Section 10B of the Income-tax Act, 1961, because the Bombay High Court followed its earlier ruling in Commissioner of Income Tax v. Gem Plus Jewellery India Ltd. that the statutory computation requires parity between export turnover and total turnover. No reason was found to depart from that view, so the issue was decided in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281086