https://www.taxtmi.com/caselaws?id=296962 Section 10A computations require consistent treatment of exclusions in export turnover and total turnover, so telecommunication charges excluded from export turnover must also be excluded from total turnover. Foreign currency expenses for on-site software development were treated as part of the export turnover computation. The deduction under Section 10A was stated to apply before setting off brought forward losses and depreciation. For MAT under Section 115JB, the Section 10A adjustment must be worked out from the books of account and the permitted book-profit adjustments, not by importing the normal computation. Miscellaneous receipts such as recovery of bad debts and reversal of consultancy provisions were treated as business profits of the eligible undertaking. en-us Fri, 30 Nov 2012 00:00:00 +0530 Fri, 13 Aug 2021 17:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296962 Section 10A computations require consistent treatment of exclusions in export turnover and total turnover, so telecommunication charges excluded from export turnover must also be excluded from total turnover. Foreign currency expenses for on-site software development were treated as part of the export turnover computation. The deduction under Section 10A was stated to apply before setting off brought forward losses and depreciation. For MAT under Section 115JB, the Section 10A adjustment must be worked out from the books of account and the permitted book-profit adjustments, not by importing the normal computation. Miscellaneous receipts such as recovery of bad debts and reversal of consultancy provisions were treated as business profits of the eligible undertaking. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296962