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Ito, New Delhi vs M/S. Nutech Information Systems (P) ... on 18 January, 2016

16.2 The Hon'ble Mumbai High Court in the case of Gem Plus Jewellery India Ltd. (supra), in identical circumstances, held that since the 27 IT(T.P)A No.1105 & 1259/Bang/2012 export turnover forms part of the total turnover, if an item is excluded from the export turnover, the same should also be reduced from the total turnover to maintain parity between numerator and denominator while calculating deduction u/s 10A of the Act. The relevant finding of the Hon'ble Mumbai High Court reads as follows:-
Income Tax Appellate Tribunal - Delhi Cites 13 - Cited by 6 - Full Document
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