2015 (10) TMI 1464

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....CIT For The Assessee : Shri K.R.Vasudevan, Advocate ORDER PER SHRI GEORGE GEORGE, K JM: This appeal at the instance of revenue, is directed against the CIT(A)'s order dated 26-09-2014. The relevant assessment year is 2010- 11. 2. The revenue in its appeal has raised eight grounds. Out of the eight grounds, ground no.1,7 & 8 are general in nature and no specific adjudication is calle....

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.... expenses are reduced from the export turnover necessarily the same ought to be reduced also from the total turnover while computing the deduction u/s 10A of the IT Act, 1961. For the above proposition, the assessee relied on the judgment of the Hon'ble jurisdictional High Court in the case of M/s Tata Elxsi Ltd reported in 349 ITR 98. The CIT(A) following the judgment of the Hon'ble jurisdictiona....

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....red accordingly. 6. Ground no.4 to 6 (adding back of Rs. 18,31,008/- being employees contribution of PF and ESI on account of its remission beyond the due date). 6.1. Brief facts in relation to the above grounds are as follows; The AO disallowed a sum of Rs. 18,31,008/- (Rs.18,24,647/- towards employees contribution to PF and Rs. 6,361 towards employees contribution to ESI) on account of ....

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....ur of assessee. 6.4 We have heard the rival submissions and perused the material on record. The Hon'ble jurisdictional High Court in the case of M/s Sabari Enterprises (Supra) held as follows; " The explanation clause(va) of Section 36 of the IT Act, further makes it very clear that the amount actually paid by the assessee on or before the due date applicable in this case at the time of subm....