2018 (11) TMI 1929 - HC - Income Tax

Computation of Deduction u/s 10A - Software development charges to be excluded while working out the deduction admissible u/s 10A - HELD THAT - As first substantial question of law that arises for consideration in the instant appeal is covered by the judgment of the Hon ble Supreme Court in the case of COMMISSIONER OF INCOME TAX CENTRAL-III VS. HCL TECHNOLOGIES LTD. 2018 (5) TMI 357 - SUPREME COURT Interest on fixed profit Benefit of Section 10A and 10B Profits and gains derived from export of articles is different from the income derived from the profits of the business of the undertaking - Second and third substantial questions of law is covered by the judgment of this Court in the case of COMMISSIONER OF INCOME TAX CENTRAL CIRCLE VS. MOTOROLA INDIA ELECTRONICS (P) LTD. 2014 (1) TMI 1235 - KARNATAKA HIGH COURT . Hence he pleads that the present appeal be dismissed.

Summary

The High Court of Karnataka disposed off the appeal based on the submissions that the substantial questions of law were covered by previous judgments. The appellants' counsel referred to judgments by the Supreme Court and the Karnataka High Court in support of their plea for dismissal.