Provision of technical service outside India and foreign expense on telecommunication not excludible from export turnover for section 10A

Tech Mahindra Limited Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that expenditure incurred on foreign currency on telecommunication charges and provision of technical services outside of India should not be excluded from export turnover for the purpose of computing u/s 10A of the Income Tax Act.

Facts- The assessee is a joint venture between M/s Mahindra & Mahindra Limited and British Telecom Plc, which is a venture partner and also the major customer of the assessee. The assessee is engaged in the bu

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