Dismissing the appeal of the revenue the Tribunal held that Charges/expenses relating to telecommunication, insurance and foreign exchange loss should be excluded both from export turnover and total turnover while computing deduction under section 10A. (AY.2010-11)
ITO v. Sabre Travel Technologies (P.) Ltd. (2020) 185 ITD 617 (Bang.)(Trib.)
S. 10A : Free trade zone-Charges/expenses relating to telecommunication, insurance charges and foreign exchange loss should be excluded both from export turnover and total turnover while computing deduction.