https://www.taxtmi.com/caselaws?id=398850 The court ruled in favor of the assessee regarding the deduction under Section 10B of the Income Tax Act, holding that telecommunication charges and foreign currency expenditure should be excluded from total turnover. However, the court sided with the revenue in the dispute over including income received as notice pay from employees in the turnover calculation, stating that it should not be included in either total or export turnover. The appeal was disposed of accordingly. en-us Wed, 09 Sep 2020 00:00:00 +0530 Fri, 24 Sep 2021 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398850 The court ruled in favor of the assessee regarding the deduction under Section 10B of the Income Tax Act, holding that telecommunication charges and foreign currency expenditure should be excluded from total turnover. However, the court sided with the revenue in the dispute over including income received as notice pay from employees in the turnover calculation, stating that it should not be included in either total or export turnover. The appeal was disposed of accordingly. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398850