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2015 (8) TMI 662 - HC - Income TaxEligibility for deduction under Section 10A - expenses in foreign exchange and insurance and communication expenses which were not excluded from the export turnover within the meaning of Explanation 2 (iv) to Section 10A - ITAT noticed that since the Assessee had not incurred expenses in foreign exchange for providing technical services outside India, those were not included in the export turnover - Held that:- Explanation 2 (iv) to Section 10A of the Act provides that freight, telecommunication charges or insurance attributable to the delivery of the articles or things or computer software outside India or expenses, if any, incurred in foreign exchange in providing the technical services outside India were not to be included in export turnover. The ITAT was of the coorect view that when the expenses were not included in export turnover, there was no question of exclusion of the same from the export turnover. The ITAT correctly upheld the order of the CIT (A) and dismissed the appeal of the Revenue. Decided against revenue.
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