Dismissing the appeal of the revenue the Court held that the Tribunal did not err in holding that the exemption under section 10A should not be computed after excluding the telecommunication expenses and foreign currency expenditure from the export turnover. (AY. 2010-11)
PCIT v. HCL Comnet Systems And Services Ltd. (2021) 433 ITR 251 (Delhi)(HC)
S. 10A : Free trade zone-Export turnover-Telecommunication expenses and foreign currency expenditure not to be excluded from export turnover.