Export turnover exclusion: expenses excluded from export turnover must also be excluded from total turnover when computing section 10A deduction. Deduction under Section 10A allocates business profit to exports in proportion to export turnover and total turnover; items excluded from export turnover-freight, telecommunication charges, insurance attributable to delivery outside India, and expenses in foreign exchange for providing technical services outside India-must also be excluded from total turnover, and the statutory allocation formula must be applied with these exclusions from both numerator and denominator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export turnover exclusion: expenses excluded from export turnover must also be excluded from total turnover when computing section 10A deduction.
Deduction under Section 10A allocates business profit to exports in proportion to export turnover and total turnover; items excluded from export turnover-freight, telecommunication charges, insurance attributable to delivery outside India, and expenses in foreign exchange for providing technical services outside India-must also be excluded from total turnover, and the statutory allocation formula must be applied with these exclusions from both numerator and denominator.
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