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2016 (12) TMI 1583 - AT - Income TaxTPA - selection of comparable - Held that:- Assessee-company is engaged in the business of providing Information Technology [IT] and IT enabled services [ITES] thus companies dissimilar with that of assessee need to be deselected from final list of comparable. Deduction u/s 10A computation - exclusion of lease line charges from the Total Turnover - Held that:- This issue is squarely covered by the decision of the Hon’ble Bombay High Court in the case of CIT Vs. Gem Plus Jewellery India Ltd., [2010 (6) TMI 65 - BOMBAY HIGH COURT ] wherein it has been held that communication charges etc., attributable to the delivery of the computer software outside India which are to be reduced from the export turnover should be reduced from the total turnover as well, while computing the deduction u/s. 10A. Thus we affirm the order of Ld.CIT(A) to reduce the same from the export turnover as well as total turnover while computing the deduction u/s. 10A of the I.T. Act.
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