Held that expenditure of telecommunication charges, insurance charges, etc. Travel expenses incurred in foreign currency is Deductible from both export turnover and total turnover. Loss on account of employee misappropriation. Deduction allowable on enhanced profit. (AY. 2010-11)
Sandisk India Device Design Centre Pvt. Ltd. v. ITO (2022) 93 ITR 569 (Bang.)(Trib.)
S. 10A : Free trade zone-Expenditure of telecommunication charges, insurance charges, etc.-Travel expenses incurred in foreign currency-Deductible from both export turnover and total turnover-Loss on account of employee misappropriation-Deduction allowable on enhanced profit.