https://www.taxtmi.com/caselaws?id=418344 The High Court dismissed the Revenue's tax case appeals challenging the exclusion of expenditure for providing technical services from export turnover for deduction under Section 10B. Relying on previous judgments, the court held that expenses incurred in foreign currency for technical services should be included in the definition of 'export turnover' for computing deductions under Section 10B. The court emphasized the distinction between technical services related to the export of software and those for software production outside India. Both substantial questions of law were decided in favor of the assessee, leading to the dismissal of the Revenue's appeals without costs. en-us Tue, 01 Feb 2022 00:00:00 +0530 Tue, 15 Feb 2022 06:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418344 The High Court dismissed the Revenue's tax case appeals challenging the exclusion of expenditure for providing technical services from export turnover for deduction under Section 10B. Relying on previous judgments, the court held that expenses incurred in foreign currency for technical services should be included in the definition of 'export turnover' for computing deductions under Section 10B. The court emphasized the distinction between technical services related to the export of software and those for software production outside India. Both substantial questions of law were decided in favor of the assessee, leading to the dismissal of the Revenue's appeals without costs. Case-Laws Income Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418344