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2018 (4) TMI 94 - HC - Income TaxDeductions u/s 10-A claim computation - Interpretation of Total Turnover & Export Turnover under 10A - Held that:- The method of computing the exemption under Section 10-A of the Act and precisely, the question as to whether the expenses excluded from the export turnover are also to be excluded from the total turnover for the purpose of Section10- A of the Act, has been dealt with by this Court in the case of TATA ELXSI LTD. [2011 (8) TMI 782 - KARNATAKA HIGH COURT] as held there should be uniformity in the ingredients of both the numerator and the denominator of the formula, Section 10-A is a beneficial section. It is intended to provide incentives to promote exports. If the export turnover in the numerator is to be arrived at after excluding certain expenses, the same should also be excluded in computing the export turnover as a component of total turnover in the denominator. The reason being the total turnover includes export turnover. The components of the export turnover in the numerator and the denominator cannot be different. - Decided against revenue
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