Computation of Turnover u/s 10AA.

uniformity in the ingredients of both the numerator and the denominator of the formula
Dy. Commissioner of Income Tax, Circle 12 (1) , Bangalore Versus M/s. Mc Creade Software (Asia) Pvt. Ltd. – 2016 (4) TMI 420 – ITAT BANGALORE

Extract:-
Computation of deduction u/s 10A – exclusion of expenditure incurred in foreign currency towards tour and travel expenses from the export turnover as well as total turnover – Held that – This issue is covered by the judgment of Hon ble jurisdictional High Court in the case of CIT Vs. Tata Elxsi Ltd 2011 (8) TMI 782 – KARNATAKA HIGH COURT there should be uniformity in the ingredients of both the numerator and the denominator of the formula, Section 10-A is a beneficial section. It is intended to provide incentives to promote exports. If the export turnover in the numerator is to be arrived at after excluding certain expenses, the same should also be excluded in computing the export turnover as a component of total turnover in the denominator.

Claim of deduction u/s 10A of the IT Act without setting off of brought forward losses/unabsorbed depreciation allowed

M/s Safran Engineering Services Ind. Pvt. Ltd. Versus The Deputy Commissioner of Income-tax, Circle-12 (3) , Bangalore – 2016 (4) TMI 470 – ITAT BANGALORE
Set off of brought forward losses/unabsorbed depreciation against 10A profits disallowed – Held that – Following the latest judgment of the Hon ble High Court in case of M/s Yokogawa India Ltd (2011 (8) TMI 845 – Karnataka High Court ) as well as Co-ordinate Bench decision in case of M/s Safran Aerospace India Pvt. Ltd.,(2015 (1) TMI 773 – ITAT BANGALORE ) we decide this issue in favour of assessee