The Income Tax Officer ward-6(1)(1), Bangalore V. M/s Scancafe Digital Solutions Pvt Ltd , Bangalore

ITA 1218/BANG/2017

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 7341 (ITAT-BANGALORE)
• Duration Of Justice: 5 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-11-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 30-05-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PADMA MEENAKSHI
• Assessee Lawyers: KEERTHINARAYAN IYENGAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : BANGALORE BEFORE SHRI A.K. GARODIA, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K, JUDICIAL MEMBER ITA NO. 1218 /BANG/201 7 ASSESSMENT YEAR: 20 1 1 1 2 ITO WARD 6(1)[1], BANGALORE. VS. M/S. SCANCAFE DIGITAL SOLUTIONS PVT. LTD., GROUND FLOOR, NEIL RAO TOWERS, PLOT NO. 118, ROAD NO. 3, EPIP PHASE 1, WHITEFIELD, BANGALORE 560 066. PAN: AA K C S5398E APPELLANT RESPONDENT ASSESSEE BY : SHRI KEERTHINARAYAN IYENGAR, C. A. REVENUE BY : SMT. PADMAMEENAKSHI, JCIT DR DATE OF HEARING : 0 2 . 11 .201 7 DATE OF PRONOUNCEMENT : 03 .1 1 .2017 O R D E R PER SHRI A.K. GARODIA, ACCOUNTANT MEMBER THIS IS A REVENUES APPEAL DIRECTED AGAINST THE ORD ER OF LD. CIT (A) 6, BANGALORE DATED 18.01.2017 FOR ASSESSMENT YEAR 2011 12. 2. THE REVENUE HAS RAISED AS MANY AS 4 GROUNDS BUT THE ONLY GRIEVANCE OF THE REVENUE IS REGARDING DIRECTION OF CIT (A) TO TH E AO TO REDUCE EXPENSES INCURRED IN FOREIGN CURRENCY, BOTH FROM EX PORT & TOTAL TURNOVER FOR COMPUTING DEDUCTION U/S 10A AS PER THE RATIO LAID DOWN BY HONBLE KARNATAKA HIGH COURT IN THE CASE OF CIT VS. TATA ELXSI LTD., 349 ITR 98. 3. BOTH SIDES AGREED THAT THE ISSUE IS COVERED IN F AVOUR OF THE ASSESSEE BY THIS JUDGMENT OF HONBLE KARNATAKA HIGH COURT. R ESPECTFULLY ITA NO. 1218/BANG/2017 PAGE 2 OF 2 FOLLOWING THE SAME, WE DECLINE TO INTERFERE IN THE ORDER OF CIT (A) BECAUSE HIS DIRECTION IS IN LINE WITH THIS JUDGMENT . 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE DATE MENT IONED ON THE CAPTION PAGE. SD/- SD/- (GEORGE GEORGE K) (A.K. GARODIA) JUDICIAL MEMBER ACCOUNTANT MEMBER BANGALORE, DATED, THE 03 RD NOVEMBER, 2017. /MS/ COPY TO: 1. APP ELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY, INCOME TAX APPELLATE TRIBUNAL, BANGALORE.