https://www.taxtmi.com/caselaws?id=264229 The Tribunal ruled in favor of the assessee on multiple issues, upholding deductions under Section 10A/10B for costs related to underutilized human resources, rejecting the reduction of Global Recruitment Cell (GRC) cost from profits eligible for deduction, and affirming eligibility of interest income for deduction. The Tribunal also allowed the treatment of foreign exchange loss and deduction for delayed Provident Fund contributions. Additionally, the Tribunal limited disallowances under Section 14A to exempt income earned by the assessee, following previous judicial precedents. Overall, the Tribunal's decisions largely favored the assessee, dismissing most appeals by the AO and partially allowing the assessee's appeals. en-us Mon, 31 Aug 2015 00:00:00 +0530 Mon, 21 Sep 2015 10:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264229 The Tribunal ruled in favor of the assessee on multiple issues, upholding deductions under Section 10A/10B for costs related to underutilized human resources, rejecting the reduction of Global Recruitment Cell (GRC) cost from profits eligible for deduction, and affirming eligibility of interest income for deduction. The Tribunal also allowed the treatment of foreign exchange loss and deduction for delayed Provident Fund contributions. Additionally, the Tribunal limited disallowances under Section 14A to exempt income earned by the assessee, following previous judicial precedents. Overall, the Tribunal's decisions largely favored the assessee, dismissing most appeals by the AO and partially allowing the assessee's appeals. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264229