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2020 (2) TMI 933 - ITAT BANGALORETP Adjustment - MAP has been concluded for both these two years in respect of assessee company’s transaction with AE in US. Hence, the TP grounds raised by both sides in these two years do not survive and the same are rejected. Computation of deduction u/s 10A - HELD THAT:- Expenses reduced from export turnover should be reduced from total turnover also for the purpose of computing deduction allowable to the assessee under section 10A of the IT Act, 1961. As per this judgment of Hon’ble Karnataka High Court rendered in the case of Tata Elxsi Ltd.[ 2011 (8) TMI 782 - KARNATAKA HIGH COURT] total turnover is sum total of domestic turnover and export turnover and therefore, if an amount is reduced from export turnover, then the total turnover also goes down automatically by the same amount.
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