https://www.taxtmi.com/caselaws?id=178402 The Tribunal upheld the CIT(Appeals) decision regarding the deduction under section 10A of the Income Tax Act, stating that expenses on internet connectivity and foreign currency travel should be reduced from both export and total turnover. The Tribunal also ruled in favor of the assessee regarding disallowance under section 40(a)(ia), finding that payments to a UK company were pure reimbursements without profit element, not subject to TDS. The revenue's appeal was dismissed for AY 2008-09, and the assessee's cross objections were partly allowed. en-us Thu, 30 Jan 2014 00:00:00 +0530 Thu, 04 Feb 2016 07:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178402 The Tribunal upheld the CIT(Appeals) decision regarding the deduction under section 10A of the Income Tax Act, stating that expenses on internet connectivity and foreign currency travel should be reduced from both export and total turnover. The Tribunal also ruled in favor of the assessee regarding disallowance under section 40(a)(ia), finding that payments to a UK company were pure reimbursements without profit element, not subject to TDS. The revenue's appeal was dismissed for AY 2008-09, and the assessee's cross objections were partly allowed. Case-Laws Income Tax Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178402