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

2015 (4) TMI 1104 - PUNJAB AND HARYANA HIGH COURT - [2016] 381 ITR 516 - 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 total turnover in any event on the parity of reasoning, namely, that the amount of about ₹ 3.36 crores had nothing to do with the rendering of services or export of servi .....

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against the order of the Commissioner of Income-tax (Appeals). The matter 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 directing to exclude from the total turnover the corporate subsidy received for reimbursement of expenses to compute total turnover and export turnover for the purpose of compu .....

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has erred in law in directing to exclude from the total turnover corporate 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 Machine Works [2007] 290 ITR 667 (SC) as the issues involved in the referred case and instant case are of totally different nature ? (iv) Whether on the facts and in the circumstan .....

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