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2012 (5) TMI 388 - KARNATAKA HIGH COURTWhether the Tribunal was correct in holding that when computing relief u/s 10-A the expenditure incurred by the assessee should not form part of the total turnover and as such it should be excluded from the total turnover if the same are reduced from export turnover - In the case of the CIT v. Tata Elxsi Ltd. [2011 -TMI - 210706 - KARNATAKA HIGH COURT ] wherein it was held that ITO v. Sak Soft Ltd.(2009 -TMI - 70680 - ITAT MADRAS-D), 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 - Decided in favor of the assessee
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