https://www.taxtmi.com/caselaws?id=180921 The Tribunal partly allowed the appeals filed by the assessee. It directed the AO not to exclude expenses incurred in foreign currency for software development from the export turnover. Additionally, the AO was instructed to exclude telecommunication expenses from the total turnover to maintain consistency in the formula for computing deductions. The Tribunal upheld the legality of the consequential charging of interest under sections 234B, 234C, and 234D, affirming it as lawful. en-us Fri, 27 Jun 2008 00:00:00 +0530 Sun, 10 Dec 2023 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180921 The Tribunal partly allowed the appeals filed by the assessee. It directed the AO not to exclude expenses incurred in foreign currency for software development from the export turnover. Additionally, the AO was instructed to exclude telecommunication expenses from the total turnover to maintain consistency in the formula for computing deductions. The Tribunal upheld the legality of the consequential charging of interest under sections 234B, 234C, and 234D, affirming it as lawful. Case-Laws Income Tax Fri, 27 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180921