| |
| The Tax Publishers2020 TaxPub(DT) 2256 (Karn-HC) INCOME TAX ACT, 1961
Section 10A
While computing deduction under section 10A, expenditure was to be excluded both from export turnover and total turnover.
|
Deduction under section 10A - Computation of deduction - Expenditure whether to be excluded from export turnover as well as total turnover while computing deduction under section 10A -
Revenue challenged order of Tribunal directing AO to exclude expenditure both from export turnover and total turnover when there is no provision in section 10(A) requiring said expenses to be reduced from total turnover also. Held: In case of CIT v. Tata Elxsi Ltd., Tribunal was justified in directing AO to exclude the expenditure both from export turnover and total turnover.
Followed:CIT v. Tata Elxsi Ltd. (2011) 349 ITR 98 (Karn) : 2011 TaxPub(DT) 1960 (Karn-HC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
INCOME TAX ACT, 1961
Section 10A
 SUBSCRIBE FOR FULL CONTENT
OR Try Reload the Page |