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The Tax PublishersIT(TP)A No. 1565/Bang/2013, IT(TP)A No. 1575/Bang/2013
2021 TaxPub(DT) 4971 (Bang-Trib)INCOME TAX ACT, 1961
Section 10A
Expenses excluded from export turnover were to be reduced from total turnover as well so as to arrive at amount deductible under section 10A.
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Deduction under section 10A - Computation of total turnover - Treatment of expenses excluded from export turnover -
Assessee claimed deduction under section 10A. AO re-computed amount deductible after excluding telecommunication charges and expenditure incurred in foreign currency from export turnover, however, without reducing the same from total turnover. Held: Expenses excluded from export turnover were to be reduced from total turnover as well so as to arrive at amount deductible under section 10A.
Relied:HCL Technologies Ltd. (2018) 404 ITR 179 (SC) : 2018 TaxPub(DT) 2138 (SC).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09
INCOME TAX ACT, 1961
Section 92C
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