2006 (11) TMI 154

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.... case appeal is directed against the order of the Income-tax Appellate Tribunal in I. T. A. No.1377/Mds/2004 dated December 22, 2004. The Revenue is the appellant. The assessment year involved is 200001. The assessee is in the business of export of computer software. The Assessing Officer accepted the return filed by the assessee and while computing the deduction under section 10B, the Assessin....

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.... 10B, the domestic turnover forms part of the export turnover and the domestic profit forms part of the export profit and accordingly, held the issue in favour of the assessee. Aggrieved by the same, the Revenue has preferred this appeal raising the following substantial questions of law: "1. Whether, on the facts and circumstances of the case, the Tribunal was right in holding that for the ....