INCOME TAX ACT, 1961

Section 10A

Deduction under section 10A - Computation of deduction - Expenses reduced from export turnover whether to be reduced from total turnover as well -

Issue arose as to whether Tribunal was justified in correct in holding that expenses reduced from export turnover was to be reduced from total turnover also since no provision under section 10A provides for exclusion of such expenses from the total turnover. Held: Following CIT & Anr. v. Tata Elxsi Limited 2011 TaxPub(DT) 1960 (Karn-HC), no substantial question of law arose.

Followed:CIT & Anr. v. Tata Elxsi Limited 2011 TaxPub(DT) 1960 (Karn-HC)

REFERRED :

FAVOUR : In assessee's favour

A.Y. : 2014-15

INCOME TAX ACT, 1961

Section 10A

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