Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (4) TMI 1107 - AT - Income TaxDeduction allowable u/s. 10AA - whether expenses incurred on telecommunication expenses incurred in foreign currency for rendering services outside India is to be reduced from export turnover only or from total turnover also ? - HELD THAT:- As per the judgement rendered in the case of CIT Vs. Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT] it is held that total turnover is sum total of domestic turnover and export turnover and therefore, if any amount is reduced from export turnover then total turnover also goes down by the same amount automatically. Also approved by CIT Vs. HCL Technologies Ltd. 2018 (5) TMI 357 - SUPREME COURT] and therefore, we decline to interfere in the order of CIT (A) directing the AO to recompute the deduction allowable u/s 10A of the Act after reducing expenditure incurred in foreign currency towards telecommunication expenses&foreign travel expenses from the export turnover. - Decided against revenue.
|