2011 (10) TMI 372

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.... JUDGMENT 1. Heard the learned counsel for the revenue as well as Mr. Parthasarathy, learned counsel representing the respondent-assessee. 2. Appeal came to be admitted, on the following substantial questions of law. "(i) Whether the Tribunal was correct in holding that the expenses reduced from the export turnover for the purpose of computing deduction under Section 10A of the Act has t....

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.... be disposed of on 30/8/2011 in ITA No.70/2009 and others, in the case of CIT v. Tata Elxsi Ltd. 3. The substantial questions of law raised in the appeal in those appeals are similar to the substantial questions of law in the present appeal as well. The Principal Bench answered the substantial questions of law in favour of the assessee and against the revenue. 4. In that view of the matter, ....