2020 (3) TMI 1082

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.... HOSMANI APPELLANT: SRI. SANMATHI E.I. ADV. JUDGMENT This appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) filed by the revenue against the order dated 05.12.2018 passed by the Income Tax Appellate Tribunal. 2. Facts leading to filing of this appeal briefly stated are that the assessee is a company incorporated under the provisions....

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....er also reduced a sum of Rs. 27,68,91,445/- from export turnover as the same was realized within due date prescribed nor permission from RBI was furnished. The Assessing Officer also excluded insurance and telecommunication expenditure of Rs. 3,41,59,000/- on export turnover for the purpose of computing benefit under Section 10A of the Act. The Assessing Officer made addition of Rs. 18,65,13,852/-....

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....export of software and therefore, should not be reduced from export turnover. 4. Being aggrieved, the assessee as well as the revenue filed appeals before the Income Tax Appellate Tribunal. The appellate tribunal by an order dated 05.12.2018 has dismissed the appeal preferred by the revenue for the Assessment Years 2010-11 and 2011-12 and has allowed cross appeal preferred by the assessee by se....