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2016 (7) TMI 1332 - AT - Income TaxAllowability of deduction u/s 10A - Held that:- As per the judgment of the Hon’ble Karnataka High Court rendered in the case of M/s Tata Elxsi Ltd. (2011 (8) TMI 782 - KARNATAKA HIGH COURT) it was held that total turnover is sum total of export turnover and domestic turnover. Therefore, if an amount is excluded from export turnover then the total turnover goes down by the same amount, as a consequence. Respectfully following this judgment of the Hon’ble Karnataka High Court, we decline to interfere with the order of the ld. CIT(A) on this issue TPA - comparability - Held that:- The assessee is providing software services to the AE thus companies functionally dissimilar with that of assessee need to deselected from final list of comparable.
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