Zone,
company claimed deduction of Rs. 6832,18,56,826/- u/s 10AA of the IT. Act, as
per Form 56F(Revised) submitted ... appellant on its export turnover.
Section 10AA of the Act allows to a unit, deduction of profits and gains derived
from the export of article
seeking
foreign tax credit in respect of income pertaining to Section 10A / 10AA
eligible units in India. The ground No.8 raised by the Revenue ... claimed foreign tax credit in respect of income pertaining to section
10A / 10AA of the Act eligible units in India.
27. Brief facts
raised in assessee‟s appeal
is regarding deduction under section 10AA of the Act in respect of SEZ
units of the assessee which commenced ... emanating from
the record are: The assessee had claimed deduction under section 10AA of
24
Tata Consultancy Services Ltd.
ITA No. 17/Mum./2011
account of
Deduction u/s 10AA on sale to UNICEF, since the said section
does not speak about goods sold but talks about goods taken ... territory of India, although procured by UNICEF, therefore, the
section u/s 10AA of the Income-tax Act, 1961 is not applicable in
the case
Thereafter, the return was revised twice. The assessee claimed
deduction u/s.10AA . The assessment was completed by
determining the total income, under the regular ... further
noticed that the assessee company claimed deduction u/s.10AA in
respect of the eligible units. Turnover of these eligible units
denying
deduction claimed by the Appellant under section 10AA of the Act;
6.1. On the facts and circumstances of the case ... erred in disregarding the fact that the
disallowance under section 10AA of the Act in the year of
formation has been deleted and thus
atleast additions made to
income be deleted, the deduction u/s.10AA of the Act be
allowed to appellant in the manner claimed ... services etc. The
Ld.AO observed that assessee claimed deduction u/s. 10AA from
three types of unit. One being STPI unit and other being
well as on facts in allowing the income u/s 10AA by estimating the
Net Profit at 8% against 9.16% of net profit as shown ... declaring total income at Rs. Nil by claiming
deduction under section 10AA of the Income Tax Act, 1961 (for short 'the Act')
amounting
Deduction of
Income Tax at par with Government Employee U/s 10 (10AA) of IT Act
– Clarification issued-regarding.
Ref:- Your letter ... above communication.
The clarification sought by you is on Sec 10 (10AA), which deals with
exemption on encashed earned leave by employees.
Sec (10AA) clause
been disallowed.
2.)During the year the assessee claimed deduction u/s
10AA , which was recomputed in the Assessment order.
Deduction of Rs.1732 ... clarified that despite their continued placement in Chapter
III, section 10A / 10AA / 10B , they are tax holidays by way of
'deduction' under chapter
