2012 (9) TMI 1097 - HC - Income Tax

Summary

The Bombay High Court dismissed the appeal by the revenue regarding the reduction of communication charges, professional fees, and foreign exchange expenses from total turnover for applying Section 10A of the Income Tax Act, 1961. The court referred to a previous decision in CIT v/s. Gem Plus Jewellery India Ltd. and concluded that the appeal had no merit.