TMI Blog2014 (7) TMI 710X X X X Extracts X X X X X X X X Extracts X X X X ..... decision in Income-Tax Officer. Versus Sak Soft Limited [2009 (3) TMI 243 - ITAT MADRAS-D] followed - whatever is to be excluded from export turnover should also be excluded from total turnover for the purpose of sections 10A and 10B of the Act – CIT(A) has rightly directed the AO to reduce the expenditure incurred in foreign exchange from total turnover as well for the purpose of calculation of d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Companies Act, 1956 and is engaged in the business of Information Technology support services, development and support services for mainframes etc. The assessee filed its return of income for the assessment year 2009-10 on 24.09.2009 declaring income of B4,55,715/-. In the return of income, the assessee claimed deduction u/s.10A to the tune of B1,36,46,082/-. Notice u/s. 143(2) was issued t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Income Tax (Appeals) directed the Assessing Officer to delete the expenditure of B3,36,42,939/- from total turnover for the purpose of calculation of relief u/s. 10A. The Commissioner of Income Tax (Appeals) held that the issue is covered by the decision of the Special Bench of the Tribunal in the case of ITO Vs. Sak Soft Ltd reported as (2009) 313 ITR 353 wherein it has been held that whatever ..... X X X X Extracts X X X X X X X X Extracts X X X X
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