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2016 (4) TMI 1304 - ITAT, BANGALORETPA - comparable selection - Held that:- Referring to the Software applications developed by the assessee are in the field of telecom call processing, element management systems and signaling protocol adoption, thus companies functionally dissimilar with that of assessed to be deselected from final list. Deduction u/s. 10A - Held that:- CIT v. Tata Elxsi Ltd. (2011 (8) TMI 782 - KARNATAKA HIGH COURT), wherein it was held that total turnover is sum total of export turnover and domestic turnover. Hence, when these two items of expenses are to be excluded from export turnover, it automatically gets excluded from total turnover because it cannot be said that these expenses are part of domestic turnover and therefore, when export turnover is reduced, total turnover is automatically reduced because total turnover as per this judgment of Hon'ble jurisdictional High Court is sum total of export turnover + domestic turnover.
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