https://www.taxtmi.com/caselaws?id=295052 The court directed the Assessing Officer to adjust both export and total turnover for specified expenses when calculating deductions under Section 10B of the Income Tax Act. Additionally, the court upheld the classification of product development expenses as capital expenditure, disallowing their treatment as revenue expenditure. en-us Fri, 04 Nov 2011 00:00:00 +0530 Mon, 17 May 2021 18:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295052 The court directed the Assessing Officer to adjust both export and total turnover for specified expenses when calculating deductions under Section 10B of the Income Tax Act. Additionally, the court upheld the classification of product development expenses as capital expenditure, disallowing their treatment as revenue expenditure. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295052