https://www.taxtmi.com/caselaws?id=790251 Expenditure incurred in foreign exchange must be excluded from total turnover where it is excluded from export turnover for section 10A computation, so the deduction formula remains consistent and does not produce distortion; the assessee succeeded on this point. An interest addition said to arise from diversion of interest-bearing funds to subsidiaries was not finally sustained because the factual basis and business nexus were not examined in sufficient depth; the matter was remitted to the Assessing Officer for fresh consideration after giving the assessee an opportunity to place materials. en-us Thu, 16 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790251 Expenditure incurred in foreign exchange must be excluded from total turnover where it is excluded from export turnover for section 10A computation, so the deduction formula remains consistent and does not produce distortion; the assessee succeeded on this point. An interest addition said to arise from diversion of interest-bearing funds to subsidiaries was not finally sustained because the factual basis and business nexus were not examined in sufficient depth; the matter was remitted to the Assessing Officer for fresh consideration after giving the assessee an opportunity to place materials. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790251