Tribunal held that , communication charges and travelling and conveyance expenses is to be excludible both from export turnover and total turnover . Interest earned on fixed deposits is part of business income which is deductible. ( AY.2008 -09)
Toshiba Embedded Software (India) Pvt. Ltd. v. DCIT (2018) 64 ITR 675 (Bang) (Trib)
S. 10A : Free trade zone – Communication charges and travelling and conveyance expenses is to be excludible both from export turnover and total turnover – Interest earned on fixed deposits is part of business income which is deductible.