https://www.taxtmi.com/caselaws?id=329187 The High Court of Bombay dismissed the appeals, affirming the decisions of the lower authorities on the interpretation of Section 10A of the Income Tax Act. The court held that telecommunication and insurance charges should not be excluded from export turnover for claiming benefits under Section 10A. Additionally, the court ruled against the retrospective application of Rule 8D for disallowance of expenses in calculating dividend received, citing a previous decision and denying any substantial question of law. en-us Thu, 09 Jun 2016 00:00:00 +0530 Fri, 24 Jun 2016 14:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329187 The High Court of Bombay dismissed the appeals, affirming the decisions of the lower authorities on the interpretation of Section 10A of the Income Tax Act. The court held that telecommunication and insurance charges should not be excluded from export turnover for claiming benefits under Section 10A. Additionally, the court ruled against the retrospective application of Rule 8D for disallowance of expenses in calculating dividend received, citing a previous decision and denying any substantial question of law. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329187