The Tax Publishers2020 TaxPub(DT) 3708 (Bang-Trib) : (2020) 185 ITD 0617

INCOME TAX ACT, 1961

Section 10A

Expenses excluded from export turnover were to be reduced from total turnover as well for computation of deduction under section 10A.

Deduction under section 10A - Computation of total turnover - Treatment of expenses excluded from total turnover -

Assessee claimed deduction under section 10A. AO excluded telecommunication expenses, insurance charges and foreign exchange from export turnover, however, without reducing the same from total turnover.Assessee claimed deduction under section 10A. AO excluded telecommunication expenses, insurance charges and foreign exchange from export turnover, however, without reducing the same from total turnover. Held: Expenses excluded from export turnover were to be reduced from total turnover as well for computation of deduction under section 10A.

Followed:CIT v. Tata Elxsi Ltd. (2012) 349 ITR 98 (Karn) : 2011 TaxPub(DT) 1960 (Karn-HC) CIT v. HCL Technologies Ltd. in Civil Appeal No. 8489-98490 of 2013 & Ors., dated 24-4-2018 : 2018 TaxPub(DT) 2138 (SC).

REFERRED :

FAVOUR : In assessee's favour

A.Y. : 2010-11


INCOME TAX ACT, 1961

Section 92C

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