Income Tax And Another v. Tata Elxsi Ltd.reportedat(2012) 349 Itr 98 (Karn

IN THR HIGH COURT OF KARNATAKA AT BENGALURU DATEBD THIS THE 1[‘T]DAY OF JUNE 20106) PRESENT THR HON’BLE MR.JUSTICE JAYANT PATEL AND THR HON’BLE MR.JUSTICE B.SRBBNIVASKH GOWDA ITA NO.62/2016 BETWEEN 1.PR. COMMISSIONER OF INCOME TAX CKRNTRAL REVBNUB BUILDINGS QUEENS ROAD BANGALORE-560 O0OO1 D |THE DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE 12(2),.BANGALORE. CIRCLE 12(2),.BANGALORE. _. APPKRHLLANTS (BY SRI.E.I. SANMATHI, ADVOCATE) AND M/S. OCWEN FINANCIAL SOLUTIONS PVT LTD.7TH FLOOR OF WING ‘A’, STH FLOOR WINGBBLOCK NO.12, PRITECH PARK SEZ, SURVEY NO.91-64/4, BELLANDUR VILLAGE, SARJAPUR MARATHAHALLI,ORR, BBENGALURU-560 013. _ RESPONDENT THIS [TA IS FILED UNDEBR SKC.260-A OF INCOMETAXACT1961,ARISINGOUTOF|ORDERDATED: 14/08/2015PASSBHBIN-ITANO.1178/BANG/2012, FOR THE ASSESSMENT YEAR|A2O0O8-2OO09 PRAYING TO DBCIDEKE THR FORBGQUESTION OF LAW AND / OR SUCH OTHER QUESTIONS|OF LAW AS MAY BR FORMULATRBD BY THR HON'BLECOURTASDBRBMEBBITANDSHTASIDETHE;APPELLATE ORDER DATED:14/08/2015 PASSED BY)THERITAT,‘ClBENCH,BENGALURU,IN|APPEAL|PROCBRBDINGSIN|ITANO.1178/BANG/2012FOR,ASSESSMENT YBAR 2008-2009. THIS APPEAL COMING ON FOR ADMISSION THIS|DAY,JAYANT PATEL J., DELIVERED THE FOLLOWING: JUDGMBNT The appellants-Revenue has preferred the presentappeal by raising the following substantial question oflaw: “Whether on the facts and circumstances of|the case, the Tribunal in directing the)AssessingOfficer|TOexcludethecertain expenditure incurred in foreign currency both|from the export turnover and the total turnover|when there is no provision in section 10A)which requires the said expenses to be reduced|from the total turnover?” 2. We have heard Mr.E.I.Sanmathi, learned Counsel appearing for the appellants-Revenue. 3. The learned Counsel for the appellants hasfairly conceded that the matter is covered by thedecision of this Court in the case of.Commissioner of Income Tax And Another Vs. Tata Elxsi Ltd.reported|AT|(2012) 349 ITR 98 (Karn.) 4. Further, the perusal of the order passed by theTribunal shows that it has relied upon the above referred decision of this Court in the case otTata EIxsi1Ltd.(Supra). o. Under these circumstances, when the questionis already covered by the decision of this Court in theabove reterred matter otTata Elxsi Ltd.(Supra), we do|not find that any substantial question of law would.arise for consideration as canvassed. Hence the appeal is dismissed. JT/-| Sd/-.JU DGE Sd/-.JU DGE