Dismissing the appeal of the revenue the Court held that the Tribunal is justified in holding that, expenses excluded from export turnover were also to be excluded from total turnover. (AY. 2007-08)
CIT v. Intel Technology India (P.) Ltd ( 2019) 107 Taxmann.com 461/ 265 Taxman 240 (Karn.) (HC). Editorial: SLP of revenue is dismissed, CIT v. Intel Technology India (P.) Ltd. (2019) 265 Taxman 239 (SC)
S. 10A : Free trade zone-Total turnover-Expenses excluded from export turnover were also to be excluded from total turnover.