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| The Tax Publishers2019 TaxPub(DT) 1997 (SC) : (2019) 262 TAXMAN 0275 INCOME TAX ACT, 1961
Section 261 Section 10A
Where the department preferred SLP to appeal against the judgment of Karnataka High Court in CIT v. Citrix R&D India (P.) Ltd. [IT Appeal No. 533 of 2016, dt. 4-7-2018] : 2019 TaxPub(DT) 1998 (Karn-HC), whereby the High Court upheld the order of Tribunal holding that while computing amount of deduction under section 10A, expenditure incurred in foreign currency that was deducted from 'export turnover', had to be deducted from 'total turnover' as well the Supreme Court condoned delay and dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Deduction under section 10A - Computation--Expenditure incurred in foreign currency
Department preferred SLP to appeal against the judgment of Karnataka High Court in CIT v. Citrix R&D India (P.) Ltd. [IT Appeal No. 533 of 2016, dt. 4-7-2018] : 2019 TaxPub(DT) 1998 (Karn-HC), whereby the High Court upheld the order of Tribunal holding that while computing amount of deduction under section 10A, expenditure incurred in foreign currency that was deducted from 'export turnover', had to be deducted from 'total turnover' as well. Held: The Supreme Court condoned delay and dismissed the SLP.
Affirmed:CIT v. Citrix R&D India (P.) Ltd. [ITA No. 533 of 2016, dt. 4-7-2018] : 2019 TaxPub(DT) 1998 (Karn-HC).
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