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The Tax PublishersIT(TP)A No. 1339/Bang/2010, IT(TP)A Nos. 335 & 469/Bang/2013 & IT(TP)A Nos. 604 & 686/Bang/2012
2019 TaxPub(DT) 4119 (Bang-Trib)INCOME TAX ACT, 1961
Section 10B
Total turnover is sum total of export turnover and domestic turnover, and, therefore, amount reduced from export turnover had to be reduced from total turnover also.
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Deduction under section 10B - Computation - Total turnover - Treatment of items excluded from export turnover
Assessee claimed deduction under section 10B. AO re-computed amount deductible after excluding telecommunication expenses freight and insurance charges from export turnover, however, without reducing the same from total turnover.Held: Total turnover is sum total of export turnover and domestic turnover, and, therefore, amount reduced from export turnover had to be reduced from total turnover also.
Relied:CIT v. Tata Elxsi Ltd. (2012) 349 ITR 98 (Karn) : 2011 TaxPub(DT) 1960 (Karn-HC) and CIT v. HCL Technologies Ltd. (2018) 404 ITR 719 (SC) : 2018 TaxPub(DT) 2138 (SC).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2006-07 to 2008-09
INCOME TAX ACT, 1961
Section 37(1)
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