https://www.taxtmi.com/caselaws?id=406678 The High Court dismissed the appeal, ruling in favor of the assessee. It held that expenses in foreign exchange should be excluded from both export turnover and total turnover for computing deductions under section 10A of the Income Tax Act. The Court also confirmed the eligibility of certain taxpayers for deductions under Section 10A for different Assessment Years, emphasizing adherence to legal principles in such cases. en-us Thu, 15 Apr 2021 00:00:00 +0530 Fri, 02 Jul 2021 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406678 The High Court dismissed the appeal, ruling in favor of the assessee. It held that expenses in foreign exchange should be excluded from both export turnover and total turnover for computing deductions under section 10A of the Income Tax Act. The Court also confirmed the eligibility of certain taxpayers for deductions under Section 10A for different Assessment Years, emphasizing adherence to legal principles in such cases. Case-Laws Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406678