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| The Tax Publishers2020 TaxPub(DT) 2683 (Karn-HC) INCOME TAX ACT, 1961
Section 260A
Parties jointly submitted that the first substantial question of law has been answered by a Full Bench of this Court in CIT v. Hewlett Packard Global Soft Ltd. (2017) 87 taxmann.com 182 (Karn)(FB) : 2017 TaxPub(DT) 4700 (Karn-HC) in favour of assessee.
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Appeal [High Court] - Deduction under section 10A - Interest earned on deposits kept as margin money - Eligibility for deduction
Issue arose for consideration as to whether Tribunal was correct in holding that interest earned on deposits kept as margin money was part of the profits derived from export and therefore eligible for deduction in terms of the provisions of section 10A. Held: In the present case, parties jointly submitted that the first substantial question of law was answered by a Full Bench of this Court in CIT v. Hewlett Packard Global Soft Ltd. (2017) 87 taxmann.com 182 (Karn)(FB) : 2017 TaxPub(DT) 4700 (Karn-HC) in favour of assessee.
Followed:CIT v. Hewlett Packard Global Soft Ltd. (2017) 87 taxmann.com 182 (Karn)(FB) : 2017 TaxPub(DT) 4700 (Karn-HC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
INCOME TAX ACT, 1961
Section 260A
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