TaxTMI 
TaxTMI 
2018 (6) TMI 1468
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....Sujatha, J.J. Mr. S. Parthasarathi, ADV.- For the Appellant Mr. K.V. Aravind, ADV.- For the Respondent JUDGMENT 1. Heard the learned counsels for the parties. 2. In view of our decision rendered today 12.06.2018 in I.T.A.No.564/2016 and other connected appeals filed by the Revenue, we are of the opinion that the present appeals filed by the appellants- assessees deserves to be allowed and the....
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....gainst the assessees for "Deemed Exports" to be covered by the definition of 'export' for the purpose of deduction u/s.10B of the Act, following the order passed by the learned Tribunal in the cases of M/s.Tata Elxsi Ltd., and Granite Mart Ltd., in which a view against the appellants-assessees was taken by the learned Tribunal. 5. However, since the Division Bench of this Court in the case of Tat....
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....sp; & Connected matters (The Pr.Commissioner of Income-Tax, CIT(A) & Anr. Vs. M/s. International Stones India Pvt. Ltd.,) decided on 12.06.2018 are quoted below for ready reference:- "21. As held by the Division Bench of this Court in M/s.Tata Elxsi's case, the purpose of giving these deductions in these special provisions is to encourage exports and fet....
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....t Export' and 'Deemed Export'. 22. For a harmonious reading of these provisions of the Act which are undoubtedly beneficial provisions, the word 'export' read with the background of Exim Policy of Union of India would certainly include 'Deemed Export' also within the ambit and scope of the 'Export Turnover' as explained in Explanation-2 of sub-section (9A) of the said S.10B of the Act. 23. The....