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2011 (11) TMI 429 - HC - Income TaxComputation for relief u/s 10A - Whether expenditure incurred by the assessee should be excluded from the total turnover if the same are reduced from export turnover for computing relief u/s 10A – Held that:- To ascertain the profits from export business the total profits of the business are to be apportioned on the basis of turnovers. 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 - See CIT Versus Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT]. Decided in favor of the assessee.
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