Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (4) TMI 1319 - AT - Income TaxExemption under Section 10B - Exclusion of scrap sales from the total turnover - HELD THAT:- AO has taken the scrap sales as part of the total turnover. However, the same was not taken as an export turnover. This Tribunal has held that the total turnover and the export turnover shall be of the same figure. Therefore, once the scrap sales were not formed part of the total turnover, the same cannot form part of the export turnover also. Therefore, we do not find any infirmity in the order of the CIT(A). In the result, the appeal of the Revenue stands dismissed.
|