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Deduction u/s 10A - loss on account of foreign exchange fluctuation while computing deductions: CIT(A) order against assessee attained finality as assessee did not challenge it. IT department's ground misconceived as it did not arise from ITAT order. Telecommunication expenditure excluded from export and total turnover for computing deduction u/s 10A as per SC judgment in CIT vs HCL Technologies Ltd, allowing exclusion of foreign exchange expenses for providing technical services outside India.
Deduction u/s 10A - loss on account of foreign exchange fluctuation while computing deductions: CIT(A) order against assessee attained finality as assessee did not challenge it. IT department's ground misconceived as it did not arise from ITAT order. Telecommunication expenditure excluded from export and total turnover for computing deduction u/s 10A as per SC judgment in CIT vs HCL Technologies Ltd, allowing exclusion of foreign exchange expenses for providing technical services outside India.
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TaxTMI 
TaxTMI 
