For Computing deduction u/s. 10A up-linking charges out of telecommunication expenses to be deducted from both export turnover and the total turnover

DCIT Vs M/s Intel Technology India Ltd. (ITAT Bangalore)- Assessing Officer has  by referring to clause (iv) of Explanation 2 to section 10A of the Act, reduced telecommunication expenses/ lease lines charges from the export turnover but  did not reduced such charges from the total turnover. On Appeal CIT (A) directed the AO to recompute deduction u/s 10A of the Act after excluding expenditure incurred on up-linking charges out of telecommunication expenses from both export turnover and the total turnover. Revenue has gone in appeal against t

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