https://www.taxtmi.com/caselaws?id=297600 The Tribunal upheld the exclusion of foreign exchange and telecommunication expenses from export turnover and total turnover, following precedents from the Karnataka High Court and the Bombay High Court. The deletion of interest charged under section 234D was reversed, aligning with the jurisdictional High Court's decision. The challenge to exclude expenses in foreign currency and telecommunication expenditure from export turnover was dismissed. The disallowance under section 14A was not pressed by the assessee. Disallowed expenditure was not considered for deduction under section 80HHE. The appeal outcome resulted in partial allowance for the Revenue and dismissal for the assessee, with the order pronounced on 23/12/2011. en-us Fri, 23 Dec 2011 00:00:00 +0530 Mon, 13 Sep 2021 17:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297600 The Tribunal upheld the exclusion of foreign exchange and telecommunication expenses from export turnover and total turnover, following precedents from the Karnataka High Court and the Bombay High Court. The deletion of interest charged under section 234D was reversed, aligning with the jurisdictional High Court's decision. The challenge to exclude expenses in foreign currency and telecommunication expenditure from export turnover was dismissed. The disallowance under section 14A was not pressed by the assessee. Disallowed expenditure was not considered for deduction under section 80HHE. The appeal outcome resulted in partial allowance for the Revenue and dismissal for the assessee, with the order pronounced on 23/12/2011. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297600