Dismissing the appeal of revenue the Court held that While computing the deduction turnover of only eligible to be considered and not total turnover of business. Followed Flender Ltd. v CIT (2014) 45 taxmann.com 21 ( Cal) (HC). (ITA NO. 1575 of 2017 dt. 12-2-2019. (ITA No 6540/M/2004 dt. 20-4 2016. (AY. 1999-2000)
CIT v. Glbal Tele Systems Ltd. (Bom.)(HC) (UR)
S. 80HHE : Export business-Computer software–Eligible business- While computing the deduction turnover of only eligible to be considered and not total turnover of business.