ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover

The ITAT (Income Tax Appellate Tribunal) allowed Genpact to exclude "telecom and training receipts from total turnover under Section 10AA," as they were "already excluded from export turnover." Section 10AA provides tax benefits to Special Economic Zone (SEZ) units. The tribunal ruled that if certain receipts (like those from telecom or training services) are already legitimately excluded from the 'export turnover' for calculating the deduction, they must also be excluded from the 'total turnover' to ensure consistency in the formula and to grant the correct proportion of tax benefits to the SEZ unit.