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2012 (6) TMI 595 - AT - Income TaxExemption under section 10B - Expenses attributable to delivery of goods outside India – exclusion of the expenses both from the export turnover and the total turnover – Held that :- As decided in Commissioner of Income-tax Versus Tata Elxsi Ltd.[2011 (8) TMI 782 (HC)] that while computing the exemption u/s 10A, if the export turnover in the numerator is to be arrived at after excluding certain expenses, the same should also be excluded from the total turnover (denominator) - 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 - in favour of assessee.
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