Court :
IN THE ITAT CHENNAI BENCH ‘B’
Brief :
Section 80-O of the Income-tax Act, 1961 - Deductions - Royalty, etc., from certain foreign enterprises - Assessment year 2000-01 - Whether creation of website, being a highly specialized work which includes state of art programming, technical writing, imaging and animation skills having original ideas, artistic as well as intuitive, is designing within definition of word ‘design’ for purpose of claiming deduction under section 80-O - Held, yes
The assessee-company was engaged in the business of computer maintenance and services. In its return of income for the assessment year 2000-01, the assessee claimed deduction under section 80-O on foreign exchange earned by it for designing and development of websites. The Assessing Officer disallowed the said claim on the ground that the consulting work done by the assessee in earning the foreign exchange did not constitute ‘design’ within the meaning of section 80-O. On appeal, the Commissioner (Appeals) confirmed the order of the Assessing Officer.
On second appeal :
Citation :
Ontrack Systems Ltd.
v.
Assistant Commissioner of Income-tax, Company Circle-V(1)
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Judgements Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
Already a PRO member? Login here for an ad-free experience. 07941056694
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
