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2015 (10) TMI 2428 - AT - Income TaxExemption u/s 11A - Expenditure incurred on telecommunication charges and bandwidth & internet charges and travel expenditure incurred in foreign currency excluded by the AO from the export turnover for the purpose of computing deduction u/s 10A - Held that:- As decided in case of Tata Elxsi [2011 (8) TMI 782 - KARNATAKA HIGH COURT] there should be uniformity in the ingredients of both the numerator and the denominator of the formula, Section 10-A is a beneficial section. It is intended to provide incentives to promote exports. 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. - Decided in favour of assessee
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