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2011 (8) TMI 462 - ITAT, BANGALOREDeduction u/s 10A - whether the CIT(A) is justified in directing the AO to recompute deduction u/s 10A of the Act after excluding expenditure incurred on up-linking charges out of telecommunication expenses from both export turnover and the total turnover. - Held that:- The Hon’ble Mumbai High Court in the case of Gem Plus Jewellery India Ltd. (2010 -TMI - 76903 - BOMBAY HIGH COURT), in identical circumstances, held that since the export turnover forms part of the total turnover, if an item is excluded from the export turnover, the same should also be reduced from the total turnover to maintain parity between numerator and denominator while calculating deduction u/s 10A of the Act. - AO directed to exclude the above mentioned expenses both from the export turnover as well as from the total turnover while calculating deduction u/s 10A of the Act. - Decided in favor of assessee.
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