Court held that expenditure incurred in foreign currency by assessee was to be excluded from ‘Export Turnover’ for purpose of computing deduction under section 10AA. (AY. 2010-11)
Polaris Consulting and Services Ltd. v. PCIT (2020) 275 Taxman 121 (Mad.)(HC)
S. 10AA : Special economic zones-Export turnover-Expenditure incurred in foreign exchange is to be excluded from ‘Export Turnover’ for purpose of computing deduction.