2021 (5) TMI 364

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....O.208/2017 - -<br>Income Tax<br>HON'BLE MR. JUSTICE ALOK ARADHE AND HON'BLE MR. JUSTICE M.G.S. KAMAL APPELLANT (BY SRI T. SURYANARAYANA, ADVOCATE) &nbsp; RESPONDENTS (BY SRI. K.V. ARAVIND, ADVOCATE) &nbsp; JUDGMENT ALOK ARADHE J., This appeal under Section 260A of the Income Tax Act, 1961 has been filed by the assessee against the order dated 11.01.2017 passed by the Income Tax Appellate Tri....

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....sessee filed the return of income after having claimed deduction under Section 10A of the Act to the extent of Rs. 104,27,07,900/- in respect of the profits relating to its Software Technology Park Units. The aforesaid return was taken up for assessment by the Assistant Commissioner of Income Tax and a draft order of assessment was passed. The assessee, against the draft order of assessment, filed....

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..... 10. The Honourable DRP and the learned AO has erred in law and on facts in upholding that the said communication expenses and expenditure incurred in foreign currency should not be reduced from the total turnover for the purpose of computation of relief under section 10A of the Act even if these are reduced from the export turnover." 4. The Tribunal by order dated 11.01.2017 partly allowed th....