{"id":188,"date":"2018-04-29T09:23:22","date_gmt":"2018-04-29T09:23:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/approva-systems-pvt-ltd-v-dcitpunetrib-www-itatonline-org\/"},"modified":"2019-09-22T13:30:00","modified_gmt":"2019-09-22T13:30:00","slug":"approva-systems-pvt-ltd-v-dcitpunetrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/approva-systems-pvt-ltd-v-dcitpunetrib-www-itatonline-org\/","title":{"rendered":"Approva Systems Pvt. Ltd. v. DCIT ( 2019) 73 ITR 219\/ 180 DTR 438  (Pune)(Trib) , www.itatonline.org"},"content":{"rendered":"<p>Tribunal held that the assessee is not entitled to S. 10A\/ 10B deductions in respect of transfer pricing adjustments applies only where the adjustment is made by the AO\/ TPO. If the assessee suo motu makes the adjustment and offers higher income, s. 10A\/10B deduction cannot be denied. Also, as such notional income is not &#8220;export turnover&#8221;, the condition in s. 10A\/10B that foreign exchange must be brought to India does not apply (Deloitte Consulting v. ITO in ITA No.157\/Mum\/2012 dt. 15-07- 2015) ( Mum) (Trib) is not followed as it is contrary to CIT v. iGate Global Solutions Ltd (ITA No.453\/2008, dt. 17.06.2014, (Karn) ( HC)). ( ITA No. 1051\/Pun\/2015, dt. 12.03.2018)(AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10A : Free trade zone \u2013 If the assessee suo motu makes the adjustment and offers higher income, S. 10A\/10B deduction cannot be denied. Also, as such notional income is not &#8220;export turnover&#8221;, the condition in s. 10A\/10B that foreign exchange must be brought to India does not apply  [ S. 10B, 92CA]<\/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":[1],"tags":[],"class_list":["post-188","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-32","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/188","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=188"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/188\/revisions"}],"predecessor-version":[{"id":7318,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/188\/revisions\/7318"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}