2020 (9) TMI 969

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....Aravind, learned counsel for the revenue. Mr. T. Suryanarayana, learned counsel for the assessee. 2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) has been preferred by the revenue which was admitted by a Bench of this Court vide order dated 11.09.2013 to consider the following substantial questions of law: "1. Whether the Appella....

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.... telecommunication expenses and foreign currency expenses. The assessee computed the deduction under Section 10B of the Act without reducing the telecommunication charges and expenditure incurred in foreign exchange from export turnover. The Assessing Officer recomputed the same by excluding the above expenses from export turnover and the assessee received notice pay from the employees who were se....

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....total turnover has to be included in export turnover. In the aforesaid factual background, the revenue has filed this appeal.   5. When the matter was taken up today, learned counsel for the revenue clearly submitted that the issue involved in this appeal, is covered by a decision of the Supreme Court in 'COMMISSIONER OF INCOME-TAX, CENTRAL-III Vs. HCL TECHNOLOGIES LTD. (2018) 93 TAXMANN.COM....