2018 (11) TMI 1922 - HC - Income Tax

Computation of Deduction u/s 10A - Software development charges to be excluded while working out the deduction admissible u/s 10A - HELD THAT - The learned counsel for the appellants submit that the first substantial question of law that arises for consideration in the instant appeal is covered by the judgment of the Hon ble Supreme Court in the case of COMMISSIONER OF INCOME TAX CENTRAL-III VS. HCL TECHNOLOGIES LTD. 2018 (5) TMI 357 - SUPREME COURT TPA - comparable selection - ALP - substantial question of law or fact - Second and third substantial questions of law is covered by the judgment of this Court in the case of PRINCIPAL COMMISSIONER OF INCOME TAX BENGALURU VS. SOFTBRANDS INDIA (P) LTD. 2018 (6) TMI 1327 - KARNATAKA HIGH COURT Hence he pleads that the present appeal be dismissed. The submission of the learned counsel for the appellants is placed on record.

Summary

The Karnataka High Court dismissed the appeal citing relevant judgments from the Hon'ble Supreme Court and the same court. The appellant's plea was rejected based on the covered substantial questions of law.