| COURT: | ITAT Mumbai |
| CORAM: | Mahavir Singh (JM), Rajesh Kumar (AM) |
| SECTION(S): | 10B |
| GENRE: | Domestic Tax |
| CATCH WORDS: | computer software, export profits, legal database, legal services |
| COUNSEL: | Arvind Sonde |
| DATE: | August 19, 2016 (Date of pronouncement) |
| DATE: | September 24, 2016 (Date of publication) |
| AY: | 2009-10 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 10B: Export of Legal Services by a law firm to its overseas clients by transfer of customized electronic data constitutes export of "computer software" as per Explanation 2 to s. 10B and is eligible for deduction | |
The assessee has, by use of the legal database compiled by it over a period of more than 60 years (firm is in practice of law since 1943), earned reasonable amount of valuable foreign exchange for our country, thereby fulfilling the most core intention of the law for introduction of EOU Scheme under EXIM Policy and Section 10B of the Act. The assessee has also fulfilled the specific requirements of Section 10B of the Act, by providing Legal Services using Legal database
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