DCIT, Circle-12(2), New Delhi Interglobe Technology Quotient Pvt. Ltd., New Delhi

Last updated: 02 January 2021

Court :
ITAT New Delhi

Brief :
Challenging the order dated 25 1999-2000 17 in appeal No. 712/2016-17/CIT(A), passed by the learned Commissioner of Income Tax (Appeals)-4, New Delhi (“Ld. CIT(A)”), in the case of M/s Interglobe technology quotient Pvt. Ltd (“the assessee”) for the assessment year 2014-15, Revenue preferred this appeal disputing the allowing the claim of Rs. 62, 81, 45, 818/-towards deduction under section 10AA of the Income Tax Act, 1961 (for short “the Act”) on the ground that the Ld. CIT(A) did not examine the fact whether or not the assessee is said to be engaged in the business of software export to be eligible for deduction under section 10AA of the Act.

Citation :
ITA No.-6773/Del/2017

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH: ‘C’ NEW DELHI

BEFORE SHRI G.S. PANNU, HON’BLE VICE PRESIDENT
&
SHRI K.N. CHARY, JUDICIAL MEMBER

ITA No.-6773/Del/2017
(Assessment Year:2014-15)

DCIT,
Circle 12(2)
Room No. 410, C.R. Building,
New Delhi.
PAN No. AABCI3241H
Appellant

Vs.
Interglobe Technology Quotient
Pvt. Ltd.,
Ground floor, 124, Central
Wing,
Thapar House, Janpath,
New Dlehi.
Respondent

Revenue by Ms. Sunita Singh, CIT DR
Assessee by Sh. Rohit Jain, Adv.
Sh. Arpit Goyal, CA

Date of hearing: 30.12.2020
Date of Pronouncement : 30.12.2020

ORDER

PER K. NARASIMHA CHARY, JM

Challenging the order dated 25 1999-2000 17 in appeal No. 712/2016-17/CIT(A), passed by the learned Commissioner of Income Tax (Appeals)-4, New Delhi (“Ld. CIT(A)”), in the case of M/s Interglobe technology quotient Pvt. Ltd (“the assessee”) for the assessment year 2014-15, Revenue preferred this appeal disputing the allowing the claim of Rs. 62, 81, 45, 818/-towards deduction under section 10AA of the Income Tax Act, 1961 (for short “the Act”) on the ground that the Ld. CIT(A) did not examine the fact whether or not the assessee is said to be engaged in the business of software export to be eligible for deduction under section 10AA of the Act.

2. Brief facts of the case are that the assessee company is engaged in the business of software development and provides information technology-enabled services from its unit located in the SEZ area, and for the assessment year 2014-15 they have claimed deduction of an amount of Rs. 62,81,45,818/- u/s 10AA of the Act.

To know more in details find the attachment file