https://www.taxtmi.com/caselaws?id=395567 The Karnataka High Court dismissed the Revenue's appeal, affirming the Income Tax Appellate Tribunal's decision. The court clarified the interpretation of Section 10(A) of the Income Tax Act, 1961, regarding the deduction of expenses from turnover and the treatment of interest income for Section 10A deductions. Relying on past legal precedents, the court concluded that the substantial questions framed against the Revenue were resolved against them, resulting in the appeal's dismissal. en-us Wed, 11 Mar 2020 00:00:00 +0530 Thu, 28 May 2020 11:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395567 The Karnataka High Court dismissed the Revenue's appeal, affirming the Income Tax Appellate Tribunal's decision. The court clarified the interpretation of Section 10(A) of the Income Tax Act, 1961, regarding the deduction of expenses from turnover and the treatment of interest income for Section 10A deductions. Relying on past legal precedents, the court concluded that the substantial questions framed against the Revenue were resolved against them, resulting in the appeal's dismissal. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395567