https://www.taxtmi.com/caselaws?id=213584 The Tribunal upheld disallowances related to traveling expenses of seconded employees and legal fees paid to Baker & McKinsey. Exemptions under Section 10A were granted for specific units. Various issues were remitted back to the AO for reconsideration or verification. Deductions under Sections 80HHE and 37(1) were allowed, while disallowances under Sections 14A and 92 were either upheld or remitted for re-computation. The treatment of rental income and other miscellaneous income was also addressed. Overall, the assessee's appeals for certain assessment years were dismissed, and the Revenue's appeals were partly allowed for others. en-us Fri, 11 May 2012 00:00:00 +0530 Sat, 26 May 2012 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213584 The Tribunal upheld disallowances related to traveling expenses of seconded employees and legal fees paid to Baker & McKinsey. Exemptions under Section 10A were granted for specific units. Various issues were remitted back to the AO for reconsideration or verification. Deductions under Sections 80HHE and 37(1) were allowed, while disallowances under Sections 14A and 92 were either upheld or remitted for re-computation. The treatment of rental income and other miscellaneous income was also addressed. Overall, the assessee's appeals for certain assessment years were dismissed, and the Revenue's appeals were partly allowed for others. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213584