Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2021 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (4) TMI 1039 - HC - Income TaxDeduction u/s 10B - appellant is engaged in the business of exporting of collaborative research customized data largely on Computer Aided Design (CAD) platform which falls within the ambit of ‘computer software’ - HELD THAT:- The activities undertaken by the assessee do fall within the meaning of Engineering and Design. The assessee is producing customized electronic data. The electronic data is received by the assessee from its clients who are abroad and the same after research and development is sent back as customized electronic data to the assessee’s clients and therefore, in the considered opinion of this Court, the assessee is certainly entitled for the benefit of deductions under Section 10A of the IT Act. Thus the questions of law framed in this case are answered against the revenue and in favour of the assessee.
|