Expense excluded from export turnover to be excluded from total turnover for deduction u/s 10A: ITAT Mumbai

Crisil Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai held that the expenses excluded from the export turnover have to be excluded from the total turnover as well while computing deduction u/s 10A of the Income Tax Act. Facts- Assessee has two business divisions namely (i) Ratings and (ii) Research. Under the Ratings segment, the Assessee is engaged in rendering back-end support for data analysis services to its associated enterprises through the Global Analytical Centre ( GAC ) which is the transaction under dispute. The Assessee had undertaken, inter-alia, international transactions of provision ...