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TMI Blog2016 (1) TMI 1286X X X X Extracts X X X X X X X X Extracts X X X X ..... 65 - BOMBAY HIGH COURT] thus held the communication charges, professional fees and expenses incurred in foreign exchange for travelling should be reduced from the total turnover as well as from export turnover for applying the provisions of Section 10A Non granting credit of taxes deducing at source and charging of interest u/s. 234B and 234C - AR stated that the assessee filed rectification a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... emption u/s.10 A of the Act. During the course of assessment proceedings, the Assessing Officer (AO)did not exclude communication charges and expenses incurred in foreign currency for travelling and communication charges from the total turnover. The said sums were reduced from the export turnover while computing the deduction available to the assessee u/s. 10A of the Act. The assessee objected the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 2010 (dated 24.9.2012), the Hon ble Jurisdictional High Court had framed the following question of law: Whether on the facts and in the circumstances of the case, the Tribunal, in law, was right in holding that the communication charges, professional fees and expenses incurred in foreign exchange for travelling should be reduced from the total turnover as well as from export turnover for a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. Ground no.14-16 deal with not granting credit of taxes deducing at source (Rs.24.12 lacs)/charging of interest u/s. 234B and 234C of the Act. The AR stated that the assessee filed rectification application in that regard, that authority concerned may be directed to decide the issues raised in the application. DR left the issues to the discretion of the Bench. 6. We find that the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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