https://www.taxtmi.com/caselaws?id=397723 The ITAT allowed the appeal partially, favoring the assessee on deductions under section 10AA and notional addition under section 14A of the Income-tax Act, 1961. The Tribunal directed exclusion of telecommunication expenses from export and total turnover and allowed deduction on profits increased by disallowance under section 14A. The penalty proceedings under section 271(1)(c) were not extensively addressed. en-us Fri, 21 Aug 2020 00:00:00 +0530 Tue, 05 Nov 2024 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397723 The ITAT allowed the appeal partially, favoring the assessee on deductions under section 10AA and notional addition under section 14A of the Income-tax Act, 1961. The Tribunal directed exclusion of telecommunication expenses from export and total turnover and allowed deduction on profits increased by disallowance under section 14A. The penalty proceedings under section 271(1)(c) were not extensively addressed. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397723