2018 (6) TMI 1468

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....x<br>Dr. Vineet Kothari And Mrs. S. 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 appell....

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.... 2009-10, 2010-11 and 2011-12 respectively, took a view against 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....

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....levant portion of the judgment passed in I.T.A.No.564/2016&nbsp; &nbsp;&&nbsp; &nbsp;Connected&nbsp; &nbsp;matters&nbsp;&nbsp; (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 de....

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....ese provisions does not make any such distinction between the 'Direct 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 i....