INCOME TAX ACT, 1961

--Deduction under section 10A--Units in free trade zone Computation of total turnover--The Tribunal was, correct in holding that when computing relief under section 10A of the IT Act, 1961 the expenditure incurred by the assessee should not form part of the total turnover and as such it should be excluded from the total turnover if the same are reduced from export turnover.

Income Tax Act, 1961, Section 10A

IN THE KARNATAKA HIGH COURT

N. KUMAR & RAVI MALIMATH, JJ.

CIT v. Sitel Operating Corporation India Ltd.

ITA No. 153 of 2011

A.Y. 2005-06

2 November, 2011

Appellant by : E. Sanmathi Indrakumar,

The question that arises for consideration in this appeal is whether the Tribunal was correct in holding that when computing relief under section 10-A of the Income Tax Act, 1961 the expenditure incurred by the assessee should not form part of the total turnover and as such it should be excluded from the total turnover if the same are reduced from export turnover.