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2014 (8) TMI 71 - HC - Income TaxVarious expenses disallowed – Binding precedent - Held that:- The expenses incurred in foreign currency on telecommunication charges and providing technical services outside India should not be excluded from the total turnover for the purpose of computation of deduction u/s 10A – Relying upon Commissioner of Income Tax v/s Gem Plus Jewellery India Ltd [2010 (6) TMI 65 - BOMBAY HIGH COURT] - merely because the SLP against the Division Bench judgment in Gem Plus Jewellery India Ltd is pending before the SC, it will not permit to discard and brush aside the binding precedent – No substantial question of law arises for consideration – Decided against Revenue.
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