https://www.taxtmi.com/caselaws?id=283534 The Tribunal upheld the assessee's appeal regarding the computation of deduction under section 10B, stating that expenses excluded from export turnover should also be excluded from total turnover. In relation to the disallowance of expenditure under section 14A, the Tribunal reduced the disallowance of interest from 69,17,637 to 55.00 Lakhs, as Rule 8D was not applicable for the relevant assessment year. The Revenue's appeal was dismissed, while the assessee's appeal was partly allowed. en-us Wed, 22 May 2013 00:00:00 +0530 Fri, 27 Sep 2019 14:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283534 The Tribunal upheld the assessee's appeal regarding the computation of deduction under section 10B, stating that expenses excluded from export turnover should also be excluded from total turnover. In relation to the disallowance of expenditure under section 14A, the Tribunal reduced the disallowance of interest from 69,17,637 to 55.00 Lakhs, as Rule 8D was not applicable for the relevant assessment year. The Revenue's appeal was dismissed, while the assessee's appeal was partly allowed. Case-Laws Income Tax Wed, 22 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283534