from the export turnover. He, ergo,
reduced these two items from the `Export turnover' without
giving consequential effect to the `Total turnover' while ... referred two
expenses from total turnover and also export turnover. The
14
ITA No.267/CHNY/2018
Barclays Global Services Centre Private Limited
AO, however
Capgemini Technology Services India ... vs Deputy Commissioner Of Income-Tax, ... on 30 August, 2022
IN
link charges and internet usage charges be reduced
from „Export turnover‟ and also from „Total turnover‟.
44. This issue also came up for consideration before ... Domestic turnover 65,90,160
Revised export turnover 7,715,860,596
Deductable profits Profits of the business X
export turnover
Total turnover
link charges and internet usage
charges be reduced from „Export turnover‟ and also from „Total
turnover‟.
44. This issue also came up for consideration before ... that the amount of foreign exchange expenses be excluded from
export turnover and total turnover also. Again in A.Y. 2010-11, this
Tribunal followed
form "export turnover". It was thus submitted that
the telecommunication expenses incurred by assessee should not be
reduced from export turnover while computing ... alternate plea of assessee for excluding the expenses from
export turnover and total turnover was also not found acceptable to AO. AO
therefore excluded
grounds; first the company was loss making company and secondly, the
export turnover of the said concern was less than 75% of the operating revenue ... filter applied by the assessee that
the concern with export turnover less than 75% should be excluded, has been
applied by the TPO also
that the same meaning should be given to the export turnover as well as total turnover. In this connection, he relied on the decision ... respect of export orders could not be included in the total turnover. If the commission which has a link to the export of goods could
Deputy Commissioner Of Income-Tax ... vs Serum Institute Of India Pvt Ltd.,, Pune on 15
company pointed that the
domestic turnover from Software and E-Governance Services is much more
than the overseas turnover. The ld. AR further pointed that ... turnover of the company from Software and E-
Governance Services is more than the export turnover. The said company
was rejected as comparables
export turnover' is relevant.
It is provided that the expression 'export turnover' means the consideration in
respect of the export ... incurred in foreign
exchange in providing the technical services outside India from
the export turnover and the total turnover if they are separately
mentioned
