2016 (3) TMI 596

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..... uting deduction u/s.10A of the Act. See CIT vs. Tata Elxsi Ltd [2011 (8) TMI 782 - KARNATAKA HIGH COURT ] - ITA No. 549/2015 - - - Dated:- 1-3-2016 - MR. JAYANT PATEL AND B.V. NAGARATHNA, JJ For the Petitioner : Sri E.I. Sanmathi, Advocate JUDGMENT JAYANT PATEL, J The Revenue has preferred the present appeal by raising the following substantial question of law : Whethe .....

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..... d Counsel appearing for the appellants-Revenue. 3. We may record that so far as the reasoning of the Tribunal are concerned, the Tribunal in para 5.1 and 5.2 has observed thus: 5.1 The revenue challenges the action of the learned CIT(A), in excluding the reimbursement of certain expenses incurred in foreign currency from both export turnover and total turnover, while computing the deductio .....

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..... r as well as total turnover while computing the deduction u/s 10A of the Act, is in order. We therefore, dismiss the grounds at sl.nos.2 3, raised by the revenue. 4. The aforesaid shows that the Tribunal has followed the decision of this Court in the case of Commissioner of Income Tax And Another Vs. Tata Elxsi Ltd. reported at (2012) 349 ITR 98 (Karn.) and hence as such, it cannot be said .....

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