Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]

Expenditure Incurred on Foreign Currency - Expenditure Incurred - Foreign Currency - Telecommunications Charges - ITAT Allows Income Tax Deduction to Tech Mahindra - ITAT - Taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) 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 under Section 10A of the Income Tax Act, 1961. The assessee company M/s. Tech Mahindra Ltd…

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