https://www.taxtmi.com/caselaws?id=463973 HC held that deductions for freight, telecommunication and insurance attributable to software delivery under section 10A must be allowed in the same proportion from total turnover as from export turnover, otherwise the formula becomes unworkable and produces absurd results. HC further held that foreign exchange gains/losses attributable to operating activity must be included in operating revenue. The court rejected reopening settled controversy and affirmed that appeals under section 260A are not maintainable unless the tribunal's finding is ex facie perverse. en-us Thu, 19 Jul 2018 00:00:00 +0530 Thu, 25 Sep 2025 10:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463973 HC held that deductions for freight, telecommunication and insurance attributable to software delivery under section 10A must be allowed in the same proportion from total turnover as from export turnover, otherwise the formula becomes unworkable and produces absurd results. HC further held that foreign exchange gains/losses attributable to operating activity must be included in operating revenue. The court rejected reopening settled controversy and affirmed that appeals under section 260A are not maintainable unless the tribunal's finding is ex facie perverse. Case-Laws Income Tax Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463973