Court held that expenditure incurred by the assessee in foreign currency will be includible in the definition of export turnover for the purpose of computing deductions. As regards amortisation of expenses, matter remanded to the Tribunal. (AY. 2006-07, 2007-08)
CIT v. Zylog Systems Ltd. (No. 2) (2020) 429 ITR 88 / (2021) 276 Taxman 164 (Mad.)(HC)
S. 10B : Export oriented undertakings-Export turnover-Expenditure in foreign exchange for provision of technical services outside India is includible Amortisation expenses-Matter remanded to Tribunal. [S. 37(1), 254(1)]