Dy. CIT v. Acropetal Technologies Ltd.

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The Tax Publishers2019 TaxPub(DT) 6520 (Bang-Trib)

INCOME TAX ACT, 1961

Section 10A

Total turnover is sum total of export turnover and domestic turnover and, therefore, an amount reduced from export turnover had to be excluded from total turnover as well so as to arrive at deduction allowable to the assessee under section 10A.

Deduction under section 10A - Computation - Total turnover - Treatment of item excluded from export turnover

Assessee claimed deduction under section 10A. AO re-computed amount deductible by excluding certain item 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, an amount reduced from export turnover had to be excluded from total turnover as well so as to arrive at deduction allowable to the assessee under section 10A.

Followed:CIT v. Tata Elxsi Ltd. (2011) 349 ITR 98 (Karn) : 2011 TaxPub(DT) 1960 (Karn-HC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2011-12

INCOME TAX ACT, 1961

Section 251(1)(a)