2018 (7) TMI 486

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....deep Karhail, Advs. - For the Respondent JUDGMENT This Appeal is filed by the Revenue purportedly raising substantial questions of law arising from the Order of the Income Tax Appellate Tribunal, 'C' Bench, Bangalore, in IT[TP]A No.1118/Bang/2014 dated 14.08.2015, relating to the Assessment Year 2009-10. 2. Learned Counsel for the Revenue presses only substantial question of law No.2 framed....

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....omputing the deduction u/s.10A of the Act, the controversy  is  no  longer  res integra and is covered by the decision of the Division Bench of this Court in the case of M/s.Tata Elxsi Ltd., vs. Asst. Commissioner of Income Tax, decided on 20.10.2015 since reported in (2015) 127 DTR 0327 (Kar), which has been affirmed by the Hon'ble Supreme Court in the case of Commissioner of ....

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....fined by the legislature and an ordinary meaning is to be attributed to it, the said ordinary meaning is to be in conformity with the context in which it is used. Hence, what is excluded from 'export turnover' must also be excluded from 'total turnover', since one of the components of 'total turnover' is export turnover. Any other interpretation would run counter to the legislative intent and woul....