Alternative claim of section 10A exemption allowed on export of software & IT-enabled service

CIT Vs TNQ Books and Journals Private Limited (Madras High Court) Conclusion: Assessee was entitled to alternative claim of exemption on export of software and IT enabled service under section 10A by following the decision in case of 2020 (113) taxmann.com 74 (SC) [Commissioner of Income-Tax III v. Mphasis Ltd.] Held: Assessee was a resident company engaged in the business of export of software and IT enabled service. It claimed deduction under section 10B in his return of income. During the assessment proceedings, assessee had presented before AO that if at all the claim under section 10B was...