M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM
In the result, the appeal filed by the assessee is allowed
ITA 247/COCH/2017[2009-10]Status: DisposedITAT Cochin23 Jul 2018AY 2009-10
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Appellant: Sri.M.Raghunathan SFor Respondent: Sri.Santam Bose
Section 10ASection 10BSection 143(1)Section 143(3)Section 144CSection 263
14,121
UST Global Inc:
Rs.2,17,71,768
-----------------------
Total
Rs.11,95,85,889
===============
Since the receipt forms part of the total income and therefore claim of deduction u/s 10B of the IT Act is not found correct as the income is not derived from the eligible business and accordingly, the same is ought to have shown as income from
