PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
HC ruled on computational aspects of tax deductions under Sections 10A, 80HHE, and 80M. The court partially favored the appellant, holding that export turnover calculations must exclude foreign currency expenditures for on-site software development. Technical services and software manufacturing were distinguished. Deductions under Sections 10A and 80HHE were restricted to 90% and 50% respectively for AY 2003-2004. The court directed the Assessing Officer to recompute deductions after verifying actual software exports and technical services. Most substantial questions were answered against the appellant, with specific questions related to export turnover and dividend income being resolved against the appellant's claims.
HC ruled on computational aspects of tax deductions under Sections 10A, 80HHE, and 80M. The court partially favored the appellant, holding that export turnover calculations must exclude foreign currency expenditures for on-site software development. Technical services and software manufacturing were distinguished. Deductions under Sections 10A and 80HHE were restricted to 90% and 50% respectively for AY 2003-2004. The court directed the Assessing Officer to recompute deductions after verifying actual software exports and technical services. Most substantial questions were answered against the appellant, with specific questions related to export turnover and dividend income being resolved against the appellant's claims.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
