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2020 (3) TMI 181 - HC - Income TaxBenefit of deduction u/s 10B - determination of export turnover - Whether expenditure incurred by the Assessee in foreign currency in the foreign country where they exported computer software will be included in the 'export turnover', on which the Assessee is entitled to the benefit of deduction under Section 10B? - HELD THAT:- Controversy is no longer res integra in view of the decision of the Hon'ble Supreme Court in the case of “Commissioner of Income Tax -Vs- Mphasis Ltd” [2019 (2) TMI 122 - SC Order] has affirmed the view taken by the Division Bench of the Karnataka High Court [2014 (8) TMI 690 - KARNATAKA HIGH COURT] and the Hon'ble Supreme Court [2019 (2) TMI 122 - SC ORDER] has held that such expenditure incurred by the Assessee in foreign currency will be includible in the definition of 'export turnover' for the purpose of computing deduction under Section 10B of the Act. - Decided against revenue
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