2020 (8) TMI 367

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....y Standing Counsel For Respondent : Mr.S.P.Chidambaram   Judgment was delivered by T.S.SIVAGNANAM,J We have elaborately heard Mr.J.Narayanasamy, learned Standing Counsel appearing for the appellant/revenue and Mr.S.P.Chidambaram, learned counsel appearing for the respondent. 2. This appeal, filed by the revenue under Section 260A of the Income Tax Act, 1961 ("the Act" for brevity)....

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.... Section 10A? 2. Whether on the facts and in the circumstances of the case the Tribunal was right in holding that the telecommunication expenses and foreign currency expenses were to be excluded from the total turnover for the purpose of arriving at eligible profit under Section 10A when the said expenses cannot be treated as a part of the total turnover and the section does not provide f....