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2011 (8) TMI 723 - AT - Income TaxDeduction under 10B - Held That:- In view of CIT v. Shah Originals (2010 - TMI - 76782 - BOMBAY HIGH COURT) - Gain on account of exchange fluctuation in respect of amounts transferred from EEFC account to Indian Rupee account will not be eligible for deduction under Section 10B . Deduction under 10B - Export Turnover - Treatment of telecommunication expenditure incurred by the assessee in foreign currency - Held That:- When Telecommunication charges were not considered by AO in computing deduction under 10B, there was no necessity to go behind the invoices raised by the assessee at all. In view of Sak Soft Ltd. (2009 -TMI - 70680 - ITAT MADRAS-D) has clearly held that whatever has been excluded from export turnover had to be excluded from total turnover also since total turnover included export turnover as well.
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