2014 (9) TMI 1013

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..... Tribunal was correct in taking into consideration Explanation 2 (iv) of Section 10A of the Act which clearly contemplated that such expenditure was liable to be deducted from the export turnover for the purpose of computing deduction U/s.10A of the Act? - Held that:- This Court had an occasion to consider the said questions of law in the case of Commissioner of Income Tax And Another Vs. MICO [20 .....

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..... correct in reversing the finding of the Assessing Officer and the Appellate Commissioner that per diem (amount paid to employees in foreign exchange) expenditure of ₹ 3,81,64,086/- incurred in foreign currency is to be deducted from the export turnover for the purpose of computing deduction u/s.10A of the Act? 2. Whether the Tribunal was correct in taking into consideration Explanation 2 .....

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