2006 (11) TMI 154

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..... order of the Income-tax Appellate Tribunal in I. T. A. No.1377/Mds/2004 dated December 22, 2004. The Revenue is the appellant. The assessment year involved is 200001. The assessee is in the business of export of computer software. The Assessing Officer accepted the return filed by the assessee and while computing the deduction under section 10B, the Assessing Officer proceeded as if the domestic .....

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..... of the export turnover and the domestic profit forms part of the export profit and accordingly, held the issue in favour of the assessee. Aggrieved by the same, the Revenue has preferred this appeal raising the following substantial questions of law: "1. Whether, on the facts and circumstances of the case, the Tribunal was right in holding that for the purpose of the deduction under section 10B .....

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..... les of articles or things or computer software as do not exceed twenty-five per cent. of the total sales shall be deemed to be the profits and gains derived from the export of articles or things or computer software." In view of the above, we find no question of law much less substantial question of law that arises for our consideration. Accordingly, the appeal is dismissed.
Case laws, Decisi .....

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