Dismissing the appeal of the revenue the Court held that, expenses incurred by in foreign currency was to be excluded from both export turnover and total turnover for computation of deduction. (AY. 2006-07)
PCIT v. Infosys BPO Ltd. (2021) 277 Taxman 320 (Karn.)(HC)
S. 10A : Free trade zone-Export turnover-Total turnover-Expenses incurred by in foreign currency was to be excluded from both export turnover and total turnover for computation of deduction.