The Tax Publishers2021 TaxPub(DT) 0065 (Karn-HC)

INCOME TAX ACT, 1961

Section 10A

Expenses reduced 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 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

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