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The Tax Publishers2016 TaxPub(DT) 2604 (Bang-Trib)
Dy. CIT v. Mc Creade Software (Asia) (P) Ltd.
INCOME TAX ACT, 1961 --Deduction under section 10A--Undertaking in a free trade zoneExclusion of expenditure in foreign currency towards tour and travel from export turnover as well as from total turnover----What is excluded from export turnover should also be excluded from total turnover.--The export turnover, in the numerator must have the same meaning as the export turnover which is constituent element of the total turnover in the denominator. If the export turnover in the numerator is to be arrived at after excluding certain expenses, the same should also be excluded in computing the export turnover as a component of total turnover in the denominator.
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