https://www.taxtmi.com/caselaws?id=398215 The Court upheld the Tribunal's decision in favor of the assessee, dismissing the appeals brought by the revenue. The first issue involved setting off business losses against profits under Section 10A, following the precedent set by the Supreme Court. The second issue addressed the exclusion of certain expenses from total turnover for deduction computation under Section 10A, aligning with previous judgments. The final issue confirmed the correctness of the Tribunal's deduction computation based on established court precedents, resulting in a ruling against the revenue. en-us Wed, 02 Sep 2020 00:00:00 +0530 Fri, 13 Aug 2021 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398215 The Court upheld the Tribunal's decision in favor of the assessee, dismissing the appeals brought by the revenue. The first issue involved setting off business losses against profits under Section 10A, following the precedent set by the Supreme Court. The second issue addressed the exclusion of certain expenses from total turnover for deduction computation under Section 10A, aligning with previous judgments. The final issue confirmed the correctness of the Tribunal's deduction computation based on established court precedents, resulting in a ruling against the revenue. Case-Laws Income Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398215