Export Turnover" for Sec- 10A of Income Tax

IN THE INCOME TAX APPELLATE TRIBUNAL, BANGALORE BENCH ‘B’ BANGALORE ITA No.248 & 249/Bang/2007 (Asst. Year 2002-03 & 2003- 04) M/s I-GATE GLOBAL SOLUTIONS LTD 158-162(P) & 165(P)-170(P) , EPIP, Phase-II, Whitefiled, Bangalore-560006 Vs THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-11(3) , BANGALORE Though there is no definition of the term ‘total turnover’ in section 10A, there is also nothing in the said section to mandate that what is excluded from the numerator (export turnover) would nevertheless form part of the denominator. One would have to apply consistent ...