https://www.taxtmi.com/caselaws?id=250121 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on disallowances in the assessment for the year 2004-2005. The Court upheld the exclusion of expenses incurred in foreign currency on telecommunication charges and providing technical services outside India from the total turnover for deduction under Section 10A, citing a previous judgment. Despite a pending Special Leave Petition before the Supreme Court, the High Court emphasized the importance of following binding precedents and found no substantial question of law in the appeal, leading to its dismissal. en-us Thu, 10 Jul 2014 00:00:00 +0530 Mon, 04 Aug 2014 11:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250121 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on disallowances in the assessment for the year 2004-2005. The Court upheld the exclusion of expenses incurred in foreign currency on telecommunication charges and providing technical services outside India from the total turnover for deduction under Section 10A, citing a previous judgment. Despite a pending Special Leave Petition before the Supreme Court, the High Court emphasized the importance of following binding precedents and found no substantial question of law in the appeal, leading to its dismissal. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250121