include deemed exports. The exclusion of deemed exports from
the export turnover which did not include deemed exports in the
first place, is incorrect ... that the deemed export turnover had
already been reduced from the export turnover and the AO has again
reduced the deemed exports from the export
pari passu to sec. 10B , the Tribunal held that such deemed
export is entitled only for the benefits of duty draw back and exemption from ... parties are export houses and they have exported all
such goods sold by the assessee to them for the purpose of such export
contention of the assessee counsel before us is that even the
deemed export, though the goods is neither exported by the
assessee nor the payment ... opinion, in view of the above provisions of the IT Act ,
deemed export is not recognized by the provisions of the IT Act .
Even otherwise
contended that
branch sales should be considered as exports. In our opinion,
the term "exports out of India" has not been defined ... deemed exports"
from the import and export policies. We are of the opinion that
concept of 'deemed exports' in export policy, cannot
Apex Data Services Inc, a group company, that makes both Ace
Exports and Apex Data as Associated Enterprises ... having 7% share capital in Ace Software
Exports Ltd. Even otherwise provisions of section 92A(2)(i)
deems two companies as AEs only
case are that during assessment year
2001-02 the assessee had shown export sales of ` 74,57,18,839/- and
domestic sale of scrap ... percent of the
total sales shall be deemed to be the profits and gains derived from
the export of articles or things or computer software
under
Section 10B. It is engaged in the business of manufacturing and
export of telecom transmission equipment. It had a registered unit
with the Software ... under EHTP Scheme
and the STP Scheme. Such Inter-Ministerial committees were deemed
to be for the purpose of Section 10A. This position was clarified
amount of exemption u/s 10A should be strictly in respect of export
profits of eligible undertaking.
In this regard, it is submitted that ... section
10A suggests that various allowances under sections mentioned
therein shall be deemed to have been allowed in respect of that
undertaking during the exemption
assessee had carried out its operations
from 5.5.2005 and had also effected export sales after 18.5.2005 in respect of which
foreign exchange was realized ... further ratified by the Board of
Approval, the approval shall be deemed to have been issued from
Narendra Tea Co. (P) Ltd., Kolkata vs Assessee on 24 April, 2012
आयकर अपीलीय अिधकरण
