Case Law Details
Case Name : Riviera Home Furnishing Vs Addl. Commissioner of Income Tax (Delhi High Court)
Related Assessment Year : 2008-09
Courts :
All High Courts Delhi High Court
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Brief of the Case
In Riviera Home Furnishing vs. Addl. CIT, Hon’ble Delhi High Court while dealing with the interpretation of Section 10B(4) held that the manner of determining such eligible profits has been statutorily defined in sub-section (4) of section 10B of the Act. As per the formula the entire profits of the business are to be taken which are multiplied by the ratio of the export turnover to the total turnover of the business. Sub-section (4) does not require an assessee to establish a direct nexus
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