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2011 (11) TMI 119 - HC - Income TaxInculsion and Exclusions in Numerator and Denominator while calculating Exemptions under 10A - Held That:- If the export turnover in the numerator is to be arrived at after excluding certain expenses, the same should also be excluded in computing the export turnover as a component of total turnover in the denominator. The reason being the total turnover includes export turnover. The components of the export turnover in the numerator and the denominator cannot be different. - If what is excluded in computing the export turnover is included while arriving at the total turnover, when the export turnover is a component of total turnover, such an interpretation would run counter to the legislative intent and impermissible. If that were the intention of the legislature, they would have expressly stated do. Thus decision of Tribunal in directing assessing officer to exclude communication expenses out of Total Turnover for computing eligible deduction under Section 10A is justified and consequently appeals of revenue is dismissed.
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