https://www.taxtmi.com/caselaws?id=264614 The Tribunal partly allowed one appeal and dismissed another concerning deduction claims, set off of losses, turnover calculations, and disallowances under different sections of the Act. The decisions were based on interpretations of legal precedents and specific case circumstances. The Tribunal upheld the CIT(A)'s decision on the claim of deduction u/s 10B, emphasizing the acceptance of an alternative claim u/s 10A. It ruled against the necessity of setting off losses for computing deduction u/s 10B. Additionally, it supported the exclusion of foreign travel and communication expenses from export turnover and directed the disallowance of 2% of dividend income under section 14A. en-us Fri, 17 Jul 2015 00:00:00 +0530 Wed, 09 Sep 2015 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264614 The Tribunal partly allowed one appeal and dismissed another concerning deduction claims, set off of losses, turnover calculations, and disallowances under different sections of the Act. The decisions were based on interpretations of legal precedents and specific case circumstances. The Tribunal upheld the CIT(A)'s decision on the claim of deduction u/s 10B, emphasizing the acceptance of an alternative claim u/s 10A. It ruled against the necessity of setting off losses for computing deduction u/s 10B. Additionally, it supported the exclusion of foreign travel and communication expenses from export turnover and directed the disallowance of 2% of dividend income under section 14A. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264614