Expenditures required to be reduced from Export Turnover u/s 10A should also be reduced from Total Turnover: ITAT grants relief to TCS [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the expenditures required to be reduced from export turnover under section 10A should also be reduced from the total turnover. The assessee-company, Tata Consultancy Services Ltd. is engaged in the business of computer software and management consultancy, filed its return of income for the assessment […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3f1bYWe