https://www.taxtmi.com/caselaws?id=239646 The ITAT partially allowed the Revenue's appeal, upholding the eligibility of income from trading activities for deduction under section 80IA linked to telecommunication services. It also confirmed the classification of INSAT 2E as a domestic satellite for tax purposes, allowing deduction under section 80IA. However, the disallowance under section 14A for expenses related to investments was remanded to the AO for fresh consideration in line with the law, based on the absence of dividends and substantial own funds. en-us Fri, 01 Nov 2013 00:00:00 +0530 Tue, 19 Nov 2013 05:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239646 The ITAT partially allowed the Revenue's appeal, upholding the eligibility of income from trading activities for deduction under section 80IA linked to telecommunication services. It also confirmed the classification of INSAT 2E as a domestic satellite for tax purposes, allowing deduction under section 80IA. However, the disallowance under section 14A for expenses related to investments was remanded to the AO for fresh consideration in line with the law, based on the absence of dividends and substantial own funds. Case-Laws Income Tax Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239646