https://www.taxtmi.com/caselaws?id=407018 The Division Bench of the Court dismissed the Tax Case Appeal, ruling in favor of the assessee regarding the deduction under section 10A of the Act for traveling expenditure in foreign currency. The Court emphasized the need for a fair interpretation of the law, aligning deductions with legislative intent to ensure consistency and prevent unjust outcomes. By considering precedents and legal principles, the Court concluded that the questions of law were adequately addressed by the respondent's counsel, leading to a decision against the Revenue and in favor of the assessee. en-us Thu, 01 Apr 2021 00:00:00 +0530 Wed, 28 Apr 2021 11:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407018 The Division Bench of the Court dismissed the Tax Case Appeal, ruling in favor of the assessee regarding the deduction under section 10A of the Act for traveling expenditure in foreign currency. The Court emphasized the need for a fair interpretation of the law, aligning deductions with legislative intent to ensure consistency and prevent unjust outcomes. By considering precedents and legal principles, the Court concluded that the questions of law were adequately addressed by the respondent's counsel, leading to a decision against the Revenue and in favor of the assessee. Case-Laws Income Tax Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407018