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2022 (2) TMI 823 - HC - Income TaxComputation of deduction u/s 10B - Tribunal held that the expenditure incurred in foreign exchange for providing technical services outside India by way of onsite development of computer software should not be excluded from the export turnover for the purpose of computing deduction - whether Tribunal was right in holding that even if the expenditure referred to in the preceding question was to be excluded from the export turnover, then the same should be excluded from the total turnover also? - HELD THAT:- Issue involved herein has already been decided in favour of the assessee, in view of the decision rendered in the case of Commissioner of Income Tax v. Mphasis Ltd [2014 (8) TMI 690 - KARNATAKA HIGH COURT] also confirmed by Supreme court [2019 (11) TMI 1383 - SUPREME COURT] held that 'the 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. Decided in favour of the assessee.
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