Dismissing the appeal of the revenue the Court held that while computing amount of deduction expenditure incurred in foreign currency that was deducted from export turnover had to be deducted from total turnover as well. (AY. 2009 -10)
CIT v . Citrix R&D India (P.) Ltd. (2019) 104 taxmann.com 84/262 Taxman 276 (Karn)(HC) Editorial: SLP of revenue is dismissed, PCIT v. Citrix R&D India (P.) Ltd. (2019) 262 Taxman 275 (SC)
S. 10A : Free trade zone-Export turnover–Total turnover-while computing amount of deduction expenditure incurred in foreign currency that was deducted from export turnover, had to be deducted from total turnover.