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Commissioner of Income-Tax Versus Sun Life India Service P. Ltd.

2015 (4) TMI 1104 - PUNJAB AND HARYANA HIGH COURT

Deduction under section 10A - whether an amount received by way of a subsidy from the parent company of the assessee ought to be included in the export turnover or not? - Held that:- The Tribunal found on facts that the amount could not be taken as a .....

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rt of total turnover either.There is nothing to indicate that the finding of fact in this regard is perverse. - I. T. A. No. 432 of 2014 (O&M) - Dated:- 29-4-2015 - S. J. Vazifdar (ACJ) And G. S. Sandhawalia, JJ. For the Petitioner : Tajendar K. Josh .....

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r pertains to the assessment year 2007-08. According to the appellant, following are the substantial questions of law : "(i) Whether on the facts and in the circumstances of the case, the learned Income-tax Appellate Tribunal has erred in law in .....

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cts and in the circumstances of the case, the learned Income-tax Appellate Tribunal has erred in law in directing to exclude from the total turnover the amount of ₹ 38.08 lakhs communication charges to compute turnover and export turnover for t .....

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e subsidy and communication charges to compute total turnover and export turnover for the purpose of computation of deduction under section 10A of the Act by relying upon the decision of the hon'ble Supreme Court in the case of CIT v. Lakshmi Mac .....

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aw in relying upon the decision of the hon'ble Supreme Court in the case of CIT v. Lakshmi Machine Works [2007] 290 ITR 667 (SC) whereas the issue involved in the referred to case has been amended under section 145A(a) with effect from April 1, 1 .....

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he dispute related, inter alia, to the question whether an amount of ₹ 6.83 crores received by way of a subsidy from the parent company of the assessee ought to be included in the export turnover or not. The assessee received an amount of ͅ .....

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