Tribunal held that\u00a0 expenditure incurred towards data link charges, Telecommunication charges and foreign travel expenses attributable to delivery of\u00a0 computer software for providing technical services outside India is excludible both from export turnover and total turnover . Profits enhanced owing to\u00a0 disallowance of\u00a0 payments for failure\u00a0 to\u00a0 deduct\u00a0 tax at\u00a0 source. Enhanced profits to be considered for deduction.\u00a0 Export proceeds received in India beyond time-limit but within time allowed by\u00a0 Reserve Bank circular to\u00a0 be\u00a0 considered for deduction . Followed , CIT v. HCL Technologies Ltd.( 2018) 404 ITR 719 (SC) CIT v. Gem plus Jewellery India Ltd ( 2011 ) 330 ITR 175 ( Bom) (HC) , ITO v. PCL \u00a0Exports (IT A. No. 3563\/Delhi\/2009 dt. 22 -3 \u00a02011) \u00a0( AY.2009-10)<\/p>\n
\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 10A : Free trade zone – Export turnover \u2013 Total turnover – Enhanced profits to be considered for deduction- Export proceeds received in India beyond time-limit but within time allowed by Reserve Bank circular to be considered for deduction .[ S .40(a) (ia), 194I ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13746","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3zI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13746"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13746\/revisions"}],"predecessor-version":[{"id":13747,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13746\/revisions\/13747"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}