The Tax Publishers2020 TaxPub(DT) 1682 (Bang-Trib) : (2020) 181 ITD 0817

INCOME TAX ACT, 1961

Section 10A

While computing deduction under section 10A, expenditures excluded from export turnover were also to be excluded from total turnover.

Deduction under section 10A - Quantum of deduction - Expenditures excluded from export turnover, whether to be excluded from total turnover as well -

Issue was as regards computation of deduction under section 10A. Held: While computing deduction under section 10A, expenditures excluded from export turnover were also to be excluded from total turnover.

Followed:CIT v. Tata Elxsi Ltd. (2012) 349 ITR 98 (Kar.) : 2011 TaxPub(DT) 1960 (Karn-HC)

REFERRED :

FAVOUR : In assessee's favour

A.Y. : 2008-09

IN THE ITAT, BANGALORE 'A' BENCH

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