{"id":38826,"date":"2024-02-02T12:37:16","date_gmt":"2024-02-02T07:07:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-cognizant-technology-solutions-of-india-pvt-ltd-2023454-itr-1-293-taxman-500-sc-editorial-cit-v-cognizant-technology-solutions-of-india-pvt-ltd-madhctca-no-83-of-2017-dt-20-1\/"},"modified":"2024-02-02T12:37:16","modified_gmt":"2024-02-02T07:07:16","slug":"cit-v-cognizant-technology-solutions-of-india-pvt-ltd-2023454-itr-1-293-taxman-500-sc-editorial-cit-v-cognizant-technology-solutions-of-india-pvt-ltd-madhctca-no-83-of-2017-dt-20-1","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-cognizant-technology-solutions-of-india-pvt-ltd-2023454-itr-1-293-taxman-500-sc-editorial-cit-v-cognizant-technology-solutions-of-india-pvt-ltd-madhctca-no-83-of-2017-dt-20-1\/","title":{"rendered":"CIT v. Cognizant Technology Solutions Of India Pvt. Ltd. (2023)454 ITR 1 \/ 293 Taxman 500 (SC) Editorial : CIT v. Cognizant Technology Solutions of India Pvt. Ltd (Mad)(HC)(TCA No. 83 of 2017 dt. 20-11-2020)"},"content":{"rendered":"<p>The High Court answered in favour of the assessee the questions whether the Tribunal was right in holding that the deduction under section\u00a010A\u00a0of the\u00a0Income-tax Act, 1961\u00a0was to be allowed in respect of provisions written back, that the gains on foreign exchange fluctuation were eligible for deduction under section\u00a010A, and that the communication charges were to be excluded both from the total turnover and the export turnover while computing deduction under section\u00a010A.\u00a0 SLP of the\u00a0 Revenue is dismissed. Referred, CIT v. Hewlett Packard Global Soft Ltd (2018) 403 ITR 453 (Karn)(HC), CIT v. Hewlett Packard Global Soft Ltd (2019) 417 ITR 59 (SC)(St).\u00a0 (AY. 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10A : Free trade zone-Provisions written back-Gains on foreign exchange fluctuation-Entitle to exemption-Turnover-Communication charges-SLP of Revenue is dismissed. [Art. 136]  <\/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-38826","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a6e","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38826","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=38826"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38826\/revisions"}],"predecessor-version":[{"id":38827,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38826\/revisions\/38827"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}