The Tax Publishers2020 TaxPub(DT) 3059 (Mad-HC) : (2020) 273 TAXMAN 0414

IN THE MADRAS HIGH COURT

T.S. SIVAGNANAM & V. BHAVANI SUBBAROYAN, JJ.

Renault Nissan Technology & Business Centre India (P) Ltd. v. CIT

T.C.A. No. 212 of 2018

17 July, 2020

In favour of Assessee.

Appellant by : N.V. Balaji

Respondent by : R. Hemalatha Senior Standing Counsel

JUDGMENT

T.S. Sivagnanam. J

This appeal filed by the assessee under section 260A of the Income Tax Act, 1961 (the Act for brevity), is directed against the Order, dt. 16-11-2016 in ITA No.1009/Mds/2014 on the file of the Income Tax Appellate Tribunal, Madras D Bench, Chennai, for the assessment year 2009-10.

2. The appeal was admitted on 5-6-2018, on the following substantial questions of law:

1. Whether the Tribunal erred in holding that the expenditure incurred in foreign currency by the appellant was to be excluded from export turnover for the purpose of computing deduction under section 10AA of the Income Tax Act, 1961, when the same is against the provisions of the Act?

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