2011 (10) TMI 777 - HC - Income Tax

Summary

The Karnataka High Court ruled that telecommunication charges, traveling expenses, freight, and insurance expenses should be excluded from the total turnover for computing deductions under Sections 10A and 10B of the Income Tax Act, 1961. The appeals by the revenue were dismissed as no substantial question of law arose for consideration based on a previous judgment in the case of Commissioner of Income Tax Vs. M/s. Tata ELSXI Ltd.