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Assessee can exclude freight and instance from turn over while computing deduction u/s 10B
Case Law Details
- Case Name
- M/s. World Wide Safety Pvt. Ltd. Vs. Commissioner of Income Tax- III, Kolkata (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 06
- Courts
- All ITAT, ITAT Kolkata
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Tribunal in assessee’s own case for A.Y.2003-04 and 2004-05 exactly on the issue of incidental expenses such as freight, octroi and sales tax whether to be included in the total turnover for the purpose of computation of deduction u/s 10B of the Act, respectfully following the same and in view of the above discussion carried out, we allow the appeal of the assessee. The revision order of the CIT u/s 263 of the Act is quashed.
INCOME TAX APPELLATE TRIBUNAL , KOLKATA
I.T.A No. 679/Kol/2010 – Assessment Year: 2005- 06
M/s. World Wide Safety Pvt. Ltd.
Vs.
Commissioner of Income Tax- III,...
