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2020 (10) TMI 1358 - AT - Income TaxDeduction u/s 10A - excluding travel, telecommunication expenses etc., for computing total turnover and export turnover and excluding loss earned from non-eligible unit - HELD THAT:- DRP by following decision of CIT v. Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT] held that, if any expenditure is excluded from export turnover, then the same needs to be excluded from total turnover as well, accordingly, directing Ld.AO to exclude expenses deducted from export turnover from total turnover for computing deduction u/s 10A of the Income-tax Act, 1961. Further in respect of exclusion of loss earned from noneligible unit for computing profits of eligible unit under section 10A, DRP relied on decision of Hon’ble Karnataka High Court in case of and CIT v. Yokogava India Ltd. [2011 (8) TMI 845 - KARNATAKA HIGH COURT] No infirmity in view taken by DRP/AO as it is supported by ratios held by Hon’ble jurisdictional High Court. There is nothing on record brought by revenue to establish any distinguishing factors to deviate from ratio of Hon’ble jurisdictional High Court.Grounds raised by revenue stands dismissed.
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