The Supreme Court directed to issue notice to M/S Wipro Limited Doddakannelli & Anr, in the matter of inclusion of Value Added Tax (VAT) in turnover.
The Special Leave Petition arose out of impugned final judgment and order dated 07-11-2022 in ITA No. 209/2022 passed by the High Court of Karnataka at Bengaluru.
The Revenue challenged before the Karnataka High Court on the ground that whether on the facts and circumstances of the case the Tribunal was right in directing the Assessing Authority to include VAT/GST in the export turnover since export profits realized by the assessee is said to include the said VAT/GST for the purpose of computing deduction under section 10 A of the Income Tax Act by placing reliance on the decision of the Karnataka High Court in case of assessee’s own case though the said issue has not reached finality and when Revenue has filed SLP’s before the Apex Court?
The appeal was disposed of after being answered against the Revenue.
A Two-Judge Bench of Justice BV Nagarathna and Justice Ujjal Bhuyan observed that “Delay condoned. Issue notice to the respondents. Learned counsel Ms. Archana Sahadeva accepts notice on behalf of respondent(s).”
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