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2015 (8) TMI 662 - DELHI HIGH COURT

2015 (8) TMI 662 - DELHI HIGH COURT - TMI - Eligibility for deduction under Section 10A - expenses in foreign exchange and insurance and communication expenses which were not excluded from the export turnover within the meaning of Explanation 2 (iv) to Section 10A - ITAT noticed that since the Assessee had not incurred expenses in foreign exchange for providing technical services outside India, those were not included in the export turnover - Held that:- Explanation 2 (iv) to Section 10A of the .....

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er of the CIT (A) and dismissed the appeal of the Revenue. Decided against revenue. - ITA No. 446/2015 - Dated:- 6-8-2015 - S. Muralidhar And Vibhu Bakhru, JJ. For the Petitioner : Mr. Kamal Sawhney, Sr standing counsel with Mr Raghuvendra Singh, Adv. For the Respondent : None ORDER 1. This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is against the impugned order dated 14th November 2014 in ITA No. 5519/Del/2013 for the Assessment Year ('AY') 2009 .....

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Explanation 2 (iv) to Section 10A of the Act. The AO in the order dated 28th November 2011 observed that the Assessee had also incurred the insurance and communication expenses which had also not been excluded from the computation of export turnover. 3. Aggrieved by the said order, the Assessee filed an appeal before the Commissioner of Income Tax (Appeals) ['CIT (A)']. The case of the Assessee before the CIT (A) was that having reduced the expenses from the export turnover, the AO ough .....

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