9911796707
TMI Blog2014 (11) TMI 1277X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax X X X X Extracts X X X X X X X X Extracts X X X X ..... owing deduction u/s.10A of the Act on Unit-III-without alternatively considering the disallowance made by the Assessing Officer that the telecommunication charges would be liable to be deducted from export turnover before allowing deduction u/s. 10A of the Act? 3. The undisputed facts are, the assessee is a software unit. It started production on 1.10.2001. Licence for custom bonding was granted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PI network by the time the unit taken over by the assessee The circular No.1 of 2005 dated 61.2005 by CPDT makes it clear that even if the existing undertaking receives STPI approval, it would still be entitled to deduction under Section 10 A and therefore, it was held that the business of STPI Unit-It was not set up by reconstruction or splitting up. Further it was held though registration was su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... There is no merit in this appeal and it is accordingly dismissed. However, while giving effect to these orders, the Assessing Authority also shall give effect to the judgment of this court in the case of Commissioner of Income Tazz - vs - Tata Elsi Ltd & Ors. reported in (2012) 349 ITR 98. The said judgment is the subject matter of appeal before the Apex Court. However, in the event of the revenu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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