{"id":21464,"date":"2021-09-11T15:21:45","date_gmt":"2021-09-11T09:51:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/wipro-ltd-v-addl-cit-2021-279-taxman-203-karn-hc-4\/"},"modified":"2021-09-11T15:21:45","modified_gmt":"2021-09-11T09:51:45","slug":"wipro-ltd-v-addl-cit-2021-279-taxman-203-karn-hc-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/wipro-ltd-v-addl-cit-2021-279-taxman-203-karn-hc-4\/","title":{"rendered":"Wipro Ltd. v. Addl. CIT (2021) 279 Taxman 203 (Karn.)(HC)"},"content":{"rendered":"<p>Court held that losses of unit eligible for deduction were already set-off against other business income such losses could not be again carried forward and set-off against eligible profits of same unit in subsequent year. Followed CIT v. Yokogawa India Ltd.\u00a0(2017)391 ITR 274 (SC).\u00a0 Computer software sales made to STP\/SEZ units would not be excluded from export turnover for computing deduction under section 10A\/10A. Followed Wipro Ltd. v. Dy. CIT\u00a0(2016) 382 ITR 179 (Karn.)(HC). VAT\/GST would not be excluded from export turnover and total turnover for computing deduction under section 10A\/10AA. Followed\u00a0\u00a0 Wipro Ltd. v. Dy. (2016) 382 ITR 179 (Karn.)(HC). Tribunal could not exclude 80 per cent of uplinking charges from turnover when such exclusion was already limited to 5 per cent of telecommunication charges while computing deduction under section 10A. Followed CIT v. TATA Elxsi Ltd. (2016) 382 ITR 654 (Karn.)\u00a0and CIT v. HCL Technologies Ltd<em>.\u00a0<\/em>(2018) 404 ITR 719. (SC (AY. 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10A : Free trade zone-losses of unit eligible for deduction  were already set-off against other business income-Such losses could not be again carried forward and set-off against eligible profits of same unit in subsequent year-Computer software sales made to STP\/SEZ units would not be excluded from export turnover for computing deduction under section 10A\/10AA-VAT\/GST would not be excluded from export turnover and total turnover for computing deduction under section 10A\/10AA. Tribunal could not exclude 80 per cent of uplinking charges from turnover when such exclusion was already limited to 5 per cent of telecommunication charges while computing deduction under section 10A. [S. 10AA]   <\/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-21464","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Ac","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21464","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=21464"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21464\/revisions"}],"predecessor-version":[{"id":21465,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21464\/revisions\/21465"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=21464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=21464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}