INCOME TAX ACT, 1961

Section 10A

Deduction under section 10A - Computation of total turnover - Treatment of expenses excluded from export turnover -

Assessee claimed deduction under section 10A. AO re-computed amount deductible after reducing communication expenses and travelling expenses, however, without reducing the same from total turnover. Held: Expenses reduced from export turnover were to be reduced from total turnover as well so as to arrive at amount deductible under section 10A.

Followed:'CIT, Central-III v. HCL Technologies Ltd.' in Civil Appeal Nos. 8469-90/2013 : 2018 TaxPub(DT) 2138 (SC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2006-07

INCOME TAX ACT, 1961

Section 92C

SUBSCRIBE FOR FULL CONTENT