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2016 (1) TMI 1259 - AT - Income TaxTPA - deduction u/s 10A computation - Held that:- Any expenditure or the income is to be excluded from the export turnover, then the same has to be reduced from the total turnover as well. Quantum taken by the A.O. towards travel and conveyance expenses is incorrect. A.O. has erred in taking the correct figure from the P & L A/c. As it is an apparent mistake, we deem it fit and proper to remit this issue to the file of the A.O. with a direction to take the correct figure from the P & L A/c of the assessee and consider the same for computation of deduction under section 10A of the I.T. Act. Selection of comparable - Held that:- As assessee is ITES concern so comparable selected should not be functionally different as that of assessee or into different business model. Accentia Technologies Limited, TCS E-Serve International Limited and Cosmic Global Limited need to be excluded.
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