https://www.taxtmi.com/caselaws?id=193141 The Tribunal confirmed the exclusion of telecommunication expenditure from export turnover but allowed its exclusion from total turnover, following the principle of parity. Regarding disallowance under section 14A, the Tribunal restricted the disallowance to 2% of the gross dividend income. Additional grounds raised by the assessee were restored for fresh adjudication. The appeal of the assessee was partly allowed, and that of the Revenue was dismissed. en-us Fri, 05 Apr 2013 00:00:00 +0530 Sat, 15 Jul 2017 10:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193141 The Tribunal confirmed the exclusion of telecommunication expenditure from export turnover but allowed its exclusion from total turnover, following the principle of parity. Regarding disallowance under section 14A, the Tribunal restricted the disallowance to 2% of the gross dividend income. Additional grounds raised by the assessee were restored for fresh adjudication. The appeal of the assessee was partly allowed, and that of the Revenue was dismissed. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193141