https://www.taxtmi.com/caselaws?id=418572 The court ruled in favor of the appellant, holding that expenditure in foreign exchange for providing technical services should be included in the definition of 'export turnover' for deductions under Section 10B. The judgment emphasized that expenses incurred in foreign exchange for providing technical services outside India should not be excluded from export turnover. Additionally, the court highlighted the need for uniformity in the treatment of components in both the numerator and denominator of the formula, aligning with the principle of consistency in computing deductions under Section 10A. en-us Mon, 14 Feb 2022 00:00:00 +0530 Sat, 19 Feb 2022 07:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418572 The court ruled in favor of the appellant, holding that expenditure in foreign exchange for providing technical services should be included in the definition of 'export turnover' for deductions under Section 10B. The judgment emphasized that expenses incurred in foreign exchange for providing technical services outside India should not be excluded from export turnover. Additionally, the court highlighted the need for uniformity in the treatment of components in both the numerator and denominator of the formula, aligning with the principle of consistency in computing deductions under Section 10A. Case-Laws Income Tax Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418572