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2016 (8) TMI 23 - AT - Income TaxDeduction u/s 10A - Held that:- The issue in dispute is squarely covered by the decision of the coordinate bench in the case of M/s Patni Telecom P. Ltd. (2008 (1) TMI 452 - ITAT HYDERABAD-A ) wherein it was held that “the deduction of expenses incurred in foreign exchange both from the amount of total turnover and also from the export turnover for the purpose of computation of the amount of deduction u/s 10A”. The Special Bench of the Chennai Tribunal in the case of ITO Vs Saksoft Ltd (2009 (3) TMI 243 - ITAT MADRAS-D ) held that “expenses excluded from export turnover should also be excluded from the total turnover”. - Decided against revenue.
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