https://www.taxtmi.com/caselaws?id=297606 The Tribunal upheld the exclusion of expenses incurred in foreign exchange and telecommunication expenditure from export turnover and total turnover. It also affirmed the disallowance of expenditure for earning exempt income under section 14A of the Act, as well as the disallowance of expenditure on current repairs and software expenses. The Tribunal dismissed the Revenue's appeal regarding the treatment of expenditure in foreign exchange for total turnover calculation. Overall, the Tribunal dismissed the Revenue's appeal and both appeals of the assessee, maintaining the various disallowances and exclusions based on legal provisions and precedent. en-us Fri, 19 Feb 2016 00:00:00 +0530 Tue, 14 Sep 2021 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297606 The Tribunal upheld the exclusion of expenses incurred in foreign exchange and telecommunication expenditure from export turnover and total turnover. It also affirmed the disallowance of expenditure for earning exempt income under section 14A of the Act, as well as the disallowance of expenditure on current repairs and software expenses. The Tribunal dismissed the Revenue's appeal regarding the treatment of expenditure in foreign exchange for total turnover calculation. Overall, the Tribunal dismissed the Revenue's appeal and both appeals of the assessee, maintaining the various disallowances and exclusions based on legal provisions and precedent. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297606