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2016 (11) TMI 1672 - ITAT CHENNAIExemption u/s 10A - STP I unit and non-STP unit are using the same infrastructure, employees, etc - According to the D.R., STP I unit has not satisfied the condition stipulated u/s 10A - HELD THAT:- Objection of the D.R. is that STP I unit and non-STP unit are using the same infrastructure, employees, etc as examined by this Tribunal in the assessee's own case, for the earlier assessment year, and this Tribunal found that the assessee is eligible for exemption under Section 10A of the Act. In view of the above order of this Tribunal, there is no reason to take a different view for the year under consideration. Therefore, by placing reliance on the order of this Tribunal for the earlier assessment year, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. Exclusion of foreign currency expenditure from the export turnover - HELD THAT:- Even though no argument was advanced from either side, this Tribunal finds that both denominator and numerator shall be the same. Therefore, once the expenditure incurred in foreign currency was excluded from total turnover, the same is also to be excluded from export turnover. Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. Appeal filed by the Revenue is dismissed.
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