2016 (3) TMI 596

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.... JUDGMENT JAYANT PATEL, J The Revenue has preferred the present appeal by raising the following substantial question of law : "Whether on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the lease line charges and other expenses incurred in foreign currency for delivery of software are to be excluded both from total turnover as well a....

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.... excluding the reimbursement of certain expenses incurred in foreign currency from both export turnover and total turnover, while computing the deduction u/s 10A of the Act. It is also contended that the learned CIT(A) the erred in directing the AO to compute the deduction u/s 10A of the Act, placing reliance on the decision of the Hon'ble Karnataka High Court in the case of CIT Vs Tata Elxsi Ltd ....

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....Court in the case of Commissioner of Income Tax And Another Vs. Tata Elxsi Ltd. reported at (2012) 349 ITR 98 (Karn.) and hence as such, it cannot be said that any substantial question of law would arise for consideration, as sought to be canvassed. 5. However, Mr.E.I.Sanmathi, learned Counsel appearing for the appellants-Revenue contended that aforesaid decision of this Court in case of Tata E....