GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (9) TMI 908 - KARNATAKA HIGH COURT

2016 (9) TMI 908 - KARNATAKA HIGH COURT - TMI - Section 10A deduction computation - Held that:- ITAT is justified in law in allowing the appeal of the respondent by directing the Assessing Officer to exclude reimbursement of certain expenditure incurred in foreign currency, both from the Export Turnover and Total Turnover. See Commissioner of Income Tax And Another Vs. Tata Elxsi Ltd [2011 (8) TMI 782 - KARNATAKA HIGH COURT ] - ITA No. 477/2015 - Dated:- 10-6-2016 - Jayant Patel And B. Sreenivas .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

that the statute allows exclusion of such expenditure expressly only from the Export Turnover by way of specific definition of export turnover defined in the Act ? 2. Whether, in the absence of specific provision in Section 10A of the Act warranting exclusion of the expenses from the total turnover, the impugned order of the ITAT is legally correct in directing the Assessing Officer to exclude the expenses from the total turnover? " 2. The learned Counsel for the appellant-Revenue fairly c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version