https://www.taxtmi.com/caselaws?id=412312 The High Court upheld the Tribunal's decision to exclude telecommunication charges and foreign currency expenditure from both export turnover and total turnover for the purpose of computing deductions under Section 10B. It also affirmed the Tribunal's direction to exclude freight and insurance expenses in the recomputation of income under Section 10B. The Court emphasized the importance of consistency in interpretation to avoid illogical outcomes and ensure fairness in applying deduction provisions. The judgment underscored the need to adhere to established interpretations and maintain integrity in interpreting tax laws. en-us Mon, 23 Aug 2021 00:00:00 +0530 Tue, 14 Sep 2021 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412312 The High Court upheld the Tribunal's decision to exclude telecommunication charges and foreign currency expenditure from both export turnover and total turnover for the purpose of computing deductions under Section 10B. It also affirmed the Tribunal's direction to exclude freight and insurance expenses in the recomputation of income under Section 10B. The Court emphasized the importance of consistency in interpretation to avoid illogical outcomes and ensure fairness in applying deduction provisions. The judgment underscored the need to adhere to established interpretations and maintain integrity in interpreting tax laws. Case-Laws Income Tax Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412312