{"id":62175,"date":"2026-07-18T15:27:29","date_gmt":"2026-07-18T09:57:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/renault-nissan-technology-and-business-centre-india-p-ltd-v-acit-2025-132-itr-395-chennai-trib\/"},"modified":"2026-07-18T15:27:29","modified_gmt":"2026-07-18T09:57:29","slug":"renault-nissan-technology-and-business-centre-india-p-ltd-v-acit-2025-132-itr-395-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/renault-nissan-technology-and-business-centre-india-p-ltd-v-acit-2025-132-itr-395-chennai-trib\/","title":{"rendered":"Renault Nissan Technology and Business Centre India P. Ltd. v. ACIT (2025) 132 ITR 395 (Chennai) (Trib.)"},"content":{"rendered":"<p style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">In remand proceedings pursuant to the Tribunal&#8217;s earlier order, AO recomputed the deduction under section 10AA by excluding foreign currency expenditure from export turnover and disallowing certain costs written off and interest from fixed deposits, which was confirmed by CIT(A) without rendering a finding on the issue of deposits and other costs written off. On appeal, the Tribunal held that, following the jurisdictional HC\u2019s decision in the assessee&#8217;s own case for an earlier year on identical facts, foreign currency expenditure was not to be excluded from export turnover for computing deduction under section 10AA; directed CIT(A) to dispose of the assessee&#8217;s pending application regarding inclusion of disallowance\/addition as business profits for section 10AA computation after affording a hearing; directed AO to dispose of the assessee&#8217;s rectification applications under section 154 relating to double addition of interest from fixed deposits and exclusion of other income from SEZ unit profits; and directed AO to verify and grant full credit for TDS as had been given in the original assessment proceedings. (AY. 2010-11 &amp; 2011-12)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10AA: Special Economic Zones-Computation of export turnover-Foreign currency expenditure not to be excluded from export turnover for computing deduction-Appeal to Appellate Tribunal-Failure by Commissioner (Appeals) to render finding on certain issues-Application pending before Commissioner (Appeals)-Direction to dispose of application.-Rectification of mistake-Order giving effect to Tribunal&#8217;s order-Assessing Officer&#8217;s failure to grant relief on several issues-Direction to dispose of pending rectification applications.-Deduction of tax at source-Credit for-Credit granted in original proceedings but not fully given in order giving effect to Tribunal&#8217;s order-Assessing Officer directed to verify and grant full credit.[S. 154 ,199,  254(1)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62175","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gaP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62175","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=62175"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62175\/revisions"}],"predecessor-version":[{"id":62176,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62175\/revisions\/62176"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}