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2018 (6) TMI 1516 - HC - Income TaxSection 10A deduction - Deduction of expenditure incurred for ‘Export Turn Over’ required to be deducted from ‘Total Turn Over’ for the purpose of computing the deduction u/s.10A - Held that:- The controversy is no longer res integra as held exclusions made from export turnover have to be considered for reduction from total turnover also while working out deduction available u/s.10A of the Act. Accordingly, we direct the AO to rework the deduction available to the assessee u/s.10A. See case of M/s. Tata Elxsi Ltd., vs. Asst. Commissioner of Income Tax, [2015 (10) TMI 634 - KARNATAKA HIGH COURT] affirmed by Income-tax, Central – III vs. HCL Technologies Ltd., [2018 (5) TMI 357 - SUPREME COURT].
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