Dismissing the appeal of the revenue the Appellate Tribunal held that while computing deduction expenditures excluded from export turnover were also to be excluded from total turnover. ( AY. 2008 -09 )
ITO v. Agile Software Enterprises (P.) Ltd. (2020) 181 ITD 817 (Bang) (Trib.)
S. 10A : Free trade zone – Total turnover – While computing deduction expenditures excluded from export turnover were also to be excluded from total turnover.