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2020 (12) TMI 1300 - HC - Income TaxSet-off of losses of a 10A/10AA unit against other business income - Whether tribunal was right in excluding the computer software sales made to STP/SEZ units in India from 'export turnover' for the purpose of computing deduction under Section 10A/10AA - excluding the VAT / GST from export turnover and total turnover for the purpose of computing deduction under Section 10A/10AA - tribunal concluding that 80% of the up linking charges had to be excluded from the definition of turnover, when even the respondent had limited such exclusion to 5% of the telecommunication charges in earlier years? - Tribunal concluding that purchase and sales of monitors constituted a trading activity and thus excludible from the profits of the Pondicherry unit for the purposes of computing deduction under Section 80-IB of the Act, when such monitors were part of the computers manufactured and sold by the units - HELD THAT:- When the matter was taken up today, learned counsel for the assessee submits that this appeal may be disposed of in terms of the judgment passed in [2020 (12) TMI 687 - KARNATAKA HIGH COURT].
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