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Income Tax - Highlights / Catch Notes

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Exemption u/s 10B - sale of hardware cannot be a part of ...

Income Tax

October 7, 2016

Exemption u/s 10B - sale of hardware cannot be a part of software exported by the assessee - sale of hardware cannot be a part of export turnover. - AT

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  2. Interest income had not been derived from export of article or things or computer software - the assessee was not entitled to deduction u/s 10B in respect of interest income - AT

  3. Nature of purchase of software - software purchased by assessee for ultimate export either as embedded software or as part of project undertaken by it cannot be...

  4. Restriction of deduction u/s 10B – 100% Export Oriented Unit (EOU) - assessee will not be entitled for exemption u/s 10B in respect of turnover sold to 100% EOU in India - AT

  5. Classification - import of hardware with embedded software - the software has merged and formed part of the essential constituent of software for which reason, the...

  6. Refund claim u/s 27 - Import of Watchguard Security Products - embedded software - the claim that the software and hardware were separate and distinct cannot be acceptable - AT

  7. Valuation - inclusion of cost of software in the value hardware - equipments have been cleared from the factory without the software being loaded in the equipments - no...

  8. Nature of transaction - Sale of software or service - The software imported by the appellant was customized according to the need of the individual DCS, supplied the...

  9. Income taxable in India - royalty income - sale of hardware along with software packages - the assessee procures hardware and software packages from other vendors and...

  10. Export sales directly made to the consignee through the sister concern was the deemed export of the assessee - deduction u/s 10B allowed - AT

 

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