2020 (12) TMI 1300

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..... /10AA - excluding the VAT / GST from export turnover and total turnover for the purpose of computing deduction under Section 10A/10AA - tribunal concluding that 80% of the up linking charges had to be excluded from the definition of turnover, when even the respondent had limited such exclusion to 5% of the telecommunication charges in earlier years? - Tribunal concluding that purchase and sales of .....

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..... B. Krishna, learned counsel for the appellant. Mr. K.V. Aravind, learned counsel for the revenue. 2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the Act , for short) has been filed by the assessee. The subject matter of the appeal pertains to the Assessment Year 2007-08. The appeal was admitted by a Bench of this Court vide order dated 05.02.2013 on .....

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..... luded from the definition of turnover, when even the respondent had limited such exclusion to 5% of the telecommunication charges in earlier years? 5. Whether the Tribunal was right in concluding that purchase and sales of monitors constituted a trading activity and thus excludible from the profits of the Pondicherry unit for the purposes of computing deduction under Section 80-IB of the Act, w .....

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