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TMI Blog2014 (1) TMI 1781X X X X Extracts X X X X X X X X Extracts X X X X ..... AND SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER Applicant by : Mr. S. Das Gupta, JCIT Respondent by : Dr. Anita Sumanth, Advocate O R D E R Per Challa Nagendra Prasad, JM: The Revenue has filed both these Miscellaneous Petitions seeking this Tribunal to reverse its order on ground no.3 raised by the assessee which was disposed off by this Tribunal in ITA Nos. 12 & 13/Mds/2013 for the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be excluded from total turnover for the purpose of computing deduction under section 10B of the Act, which goes contrary to the decision of the Hon'ble jurisdictional High Court in the case of Galaxy Granites P.Ltd (supra). Therefore, he pleads that the order of the Tribunal may be recalled for the limited purpose of deciding the issue in ground no.3. 3. Counsel for the assessee has no seriou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... while computing the deduction u/s 10B. While 10B(3) prescribes exclusion of such amount from export turnover, there is no provision to reduce the same from the total turnover. This legal issue raised by the assessee was allowed by Tribunal (para. 8 to 12 of ITAT order) overlooking the decision of the very same bench earlier in the case of Visteon Technical and Services Centre Pvt Ltd (ITA No. 1870 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3/Mds/2013 is concerned, this Tribunal decided ground no.3 raised by the assessee in paras 8 to 12 of the order. While disposing of the appeal, the Tribunal did not consider the decision of the jurisdictional High Court in the case of Galaxy Granites (P) Ltd. Vs. CIT (supra) as submitted by the Departmental Representative. The Hon'ble Supreme Court in the case of ACIT Vs. Saurashtra Kutch Stock Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X
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