Deduction u/s 80IC allowed for turnkey software and services agreement with ZTE, including installation and support.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Benefit of deduction u/s. 80IC - the agreement with ZTE is very clear that the supply of software and hardware necessary to support the software supply, installation & commissioning as well as rendering support services were to be done on a turnkey basis. Though the services agreement is separately entered into by the assessee, it has a direct nexus and connection with the agreement for supply of software. - deduction allowed - AT....
TaxTMI