https://www.taxtmi.com/caselaws?id=790250 For Section 10A computation, expenditure incurred in foreign exchange excluded from export turnover must also be excluded from total turnover, so the deduction formula is not distorted; the issue was decided for the assessee. Depreciation on goodwill was not finally determined and was remanded for fresh scrutiny in light of governing Supreme Court parameters. ROC fee, penalty and related common disallowances had to be apportioned between STP and non-STP activities rather than disallowed in a blanket manner, which favoured the assessee. Interest disallowance on advances to subsidiaries was also sent back for fresh assessment because the underlying business nexus required re-examination. 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=790250 For Section 10A computation, expenditure incurred in foreign exchange excluded from export turnover must also be excluded from total turnover, so the deduction formula is not distorted; the issue was decided for the assessee. Depreciation on goodwill was not finally determined and was remanded for fresh scrutiny in light of governing Supreme Court parameters. ROC fee, penalty and related common disallowances had to be apportioned between STP and non-STP activities rather than disallowed in a blanket manner, which favoured the assessee. Interest disallowance on advances to subsidiaries was also sent back for fresh assessment because the underlying business nexus required re-examination. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790250