Pr. Commissioner of Income-tax-4 v. Atos India Pvt. Ltd - 2020-LL-0109-47

Citation	2020-LL-0109-47
Appellant Name	Pr. Commissioner of Income-tax-4
Respondent Name	Atos India Pvt. Ltd.
Court	HIGH COURT OF BOMBAY
Relevant Act	Income-tax
Date of Order	09/01/2020
Assessment Year	2009-10
Judgment	View Judgment
Keyword Tags	substantial question of law • foreign currency • total turnover • export turnover • computing deduction
Bot Summary:	P.C. :- Heard learned Counsel for the parties. The present Appeal pertains to the Assessment Year 2009-10. The Appellant has framed following question as 2 22. ITXA 1558.17.doc substantial question of law :- Whether on the facts and circumstances of the case, and in law, the Hon ble ITAT was correct, in holding that foreign currency expenses is required to be reduced from the export turn over as well as from total turnover, in computing the amount of deduction allowable u/s. The learned Counsel for the parties state that this question of law is answered against the Revenue in the various orders passed by this Court in the assessees own case for the earlier years. In view of this statement, no question of law arises in this Appeal.

IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1558 OF 2017 Pr. Commissioner of Income Tax-4 Appellant V/s. Atos India Pvt. Ltd. ... Respondent Mr. Suresh Kumar for Appellant Mr. Atul Jasani for Respondent CORAM : NITIN JAMDAR & M.S. KARNIK, JJ. DATE : 09 JANUARY 2020. P.C. :- Heard learned Counsel for parties. 2. present Appeal pertains to Assessment Year 2009-10. 3. This Appeal under Section 260A of Income Tax Act, 1961 challenges order of Income Tax Appellate Tribunal (Tribunal) dated 30 June 2016. 4. Appellant has framed following question as 2 22. ITXA 1558.17.doc substantial question of law :- Whether on facts and circumstances of case, and in law, Hon ble ITAT was correct, in holding that foreign currency expenses is required to be reduced from export turn over as well as from total turnover, in computing amount of deduction allowable u/s. 10A ? 5. learned Counsel for parties state that this question of law is answered against Revenue in various orders passed by this Court in assessees own case for earlier years. 6. In view of this statement, no question of law arises in this Appeal. Appeal is accordingly dismissed. M.S. KARNIK, J. NITIN JAMDAR, J. Jyoti Digitally signed by Jyoti P. Pawar P. Pr. Commissioner of Income-tax-4 v. Atos India Pvt. Ltd

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