TMI Blog2020 (2) TMI 933X X X X Extracts X X X X X X X X Extracts X X X X ..... same are rejected. Computation of deduction u/s 10A - HELD THAT:- Expenses reduced from export turnover should be reduced from total turnover also for the purpose of computing deduction allowable to the assessee under section 10A of the IT Act, 1961. As per this judgment of Hon ble Karnataka High Court rendered in the case of Tata Elxsi Ltd.[ 2011 (8) TMI 782 - KARNATAKA HIGH COURT ] tot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich are passed by AO under section 143(3) r.w.s. 144C of the IT Act, 1961as per the directions of DRP. 2. These appeals were heard together and are being disposed of by way of this common order for the sake of convenience. 3. In the course of hearing, it was agreed by both sides that in these 2 years, MAP has been concluded and therefore, TP grounds raised by both parties in these two years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issue in the Revenue s appeal for Assessment Year 2011-12 as per grounds 8 and 9 and as per these grounds, this is the grievance of the Revenue that DRP was not right in holding that expenses reduced from export turnover should be reduced from total turnover also for the purpose of computing deduction allowable to the assessee under section 10A of the IT Act, 1961. As per this judgment of Hon ble ..... X X X X Extracts X X X X X X X X Extracts X X X X
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