Expense deducted from export turnover should be deducted from total turnover for computing deduction u/s 10A

Pentasoft Technologies Ltd Vs ITO (ITAT Chennai)

ITAT Chennai held that while computing deduction under section 10A of the Income Tax Act expenses deducted from export turnover needs to be deducted from total turnover.

Facts- The first issue involved here is assessment of income from sale of course material under the head ‘income from other sources’. The AO assessed income from course material under the head ‘income from other sources’ and also denied deduction cla

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