TMI Blog2020 (3) TMI 1082X X X X Extracts X X X X X X X X Extracts X X X X ..... d that the said amount has to be treated as part of export turnover - HELD THAT:- From perusal of the order passed by the Tribunal, we find that the Tribunal has followed the decision of this court in the case of CIT VS. M/S HEWLETT PACKARD GLOBAL SOFT LTD. [ 2017 (11) TMI 205 - KARNATAKA HIGH COURT] . Thus, the order passed by the Tribunal does not suffer from any infirmity. No substantial ques ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er Section 115JB of the Act of ₹ 7,77,33,533/-. Against the said return, the Assessing Officer passed an order under Section 143(3) of the Act at total income of ₹ 18,05,19,790/- The Assessing Officer allowed exemption under Section 10A in respect of STPI, Bangalore Unit after set off loss of ₹ 4,92,52,645/- in respect of 10A eligible unit of Bombay and other income in the form o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llate authority held the other income of ₹ 62,65,141/- is part of business profits eligible for exemption under Section 10A of the Act. The Commissioner of Income Tax (Appeals) held that an amount of ₹ 27,68,91,455/- was not realized within prescribed time and therefore, the same should be considered as export turnover for the current year. It was further held that insurance expenditur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l. 5. We have heard the learned counsel for the revenue at length. From perusal of the order passed by the Tribunal, we find that the Tribunal has followed the decision of this court in the case of CIT VS. M/S HEWLETT PACKARD GLOBAL SOFT LTD. (2018) 402 ITR 454 KAR. FB. Thus, the order passed by the Tribunal does not suffer from any infirmity. No substantial question of law arises for co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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