https://www.taxtmi.com/caselaws?id=471372 Foreign-currency expenditure on technical services and telecommunications not recovered from customers or included in export turnover is not reducible from export turnover for Section 10A purposes. Interest on a foreign-currency loan to an associated enterprise is benchmarked at LIBOR plus 80 basis points, reflecting the lower risk compared with external commercial borrowings. Secondary interest adjustment on an upfront discount relating to assessment year 2007-08 is excluded because the primary adjustment predates the statutory cut-off. Education cess is not deductible under Section 37(1) following the retrospective amendment. Dividend distribution tax is not restricted to the claimed DTAA rates. en-us Wed, 25 Oct 2023 00:00:00 +0530 Tue, 01 Sep 2026 12:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471372 Foreign-currency expenditure on technical services and telecommunications not recovered from customers or included in export turnover is not reducible from export turnover for Section 10A purposes. Interest on a foreign-currency loan to an associated enterprise is benchmarked at LIBOR plus 80 basis points, reflecting the lower risk compared with external commercial borrowings. Secondary interest adjustment on an upfront discount relating to assessment year 2007-08 is excluded because the primary adjustment predates the statutory cut-off. Education cess is not deductible under Section 37(1) following the retrospective amendment. Dividend distribution tax is not restricted to the claimed DTAA rates. Case-Laws Income Tax Wed, 25 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471372