Asstt. CIT v. Mphasis Ltd. - Taxpublishers.in

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The Tax Publishers2021 TaxPub(DT) 3593 (Bang-Trib)

INCOME TAX ACT, 1961

Section 10A

Expenses excluded from export turnover were to be reduced from total turnover as well so as to arrive at amount deductible under 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 excluding on-site development charges and communication charges from export turnover, however, without reducing the same from total turnover. Held: Expenses excluded from export turnover were to be reduced from total turnover as well so as to arrive at amount deductible under section 10A.

Followed:CIT v. Tata Elxi Ltd. (2011) 349 ITR 98 (Karn) : 2011 TaxPub(DT) 1960 (Karn-HC) and CIT v. HCL Technologies Ltd. (2018) 404 ITR 719 (SC) : 2018 TaxPub(DT) 2138 (SC)

REFERRED :

FAVOUR : In assessee's favour.

A.Y. :

INCOME TAX ACT, 1961

Section 32(1)