https://www.taxtmi.com/caselaws?id=218697 The ITAT Hyderabad upheld the CIT(A)'s decision to exclude telecommunication charges from export turnover for computing deduction u/s.10A. The ITAT also ruled in favor of the appellant, stating that disallowance under Sec.40(a)(ia) does not apply to amounts already paid. However, the ITAT agreed with the CIT(A) that the entire expenditure on ROC fees for increasing share capital is capital in nature and not fully deductible, partly allowing the appellant's appeal. The revenue's appeal was partly allowed for statistical purposes, with the ITAT setting aside the CIT(A)'s decision on disallowance under Sec.40(a)(ia) for reconsideration by the AO. en-us Fri, 27 Jul 2012 00:00:00 +0530 Fri, 23 Nov 2012 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218697 The ITAT Hyderabad upheld the CIT(A)'s decision to exclude telecommunication charges from export turnover for computing deduction u/s.10A. The ITAT also ruled in favor of the appellant, stating that disallowance under Sec.40(a)(ia) does not apply to amounts already paid. However, the ITAT agreed with the CIT(A) that the entire expenditure on ROC fees for increasing share capital is capital in nature and not fully deductible, partly allowing the appellant's appeal. The revenue's appeal was partly allowed for statistical purposes, with the ITAT setting aside the CIT(A)'s decision on disallowance under Sec.40(a)(ia) for reconsideration by the AO. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218697