https://www.taxtmi.com/caselaws?id=418459 The High Court dismissed the Revenue's appeals challenging the exclusion of foreign travel expenditure and telecommunication expenses from deductions under Section 10A of the Income Tax Act. The Court upheld the ITAT's decision, citing Supreme Court precedents emphasizing the special nature of Section 10A deductions. Additionally, the Court affirmed the ITAT's decision regarding the applicability of the Supreme Court's ruling in Himatsingike Seida on unabsorbed depreciation losses of Section 10B units. The Court clarified that deductions under Section 10B should be made while computing gross total income, not at the stage of total income computation. en-us Tue, 01 Feb 2022 00:00:00 +0530 Thu, 17 Feb 2022 07:44:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418459 The High Court dismissed the Revenue's appeals challenging the exclusion of foreign travel expenditure and telecommunication expenses from deductions under Section 10A of the Income Tax Act. The Court upheld the ITAT's decision, citing Supreme Court precedents emphasizing the special nature of Section 10A deductions. Additionally, the Court affirmed the ITAT's decision regarding the applicability of the Supreme Court's ruling in Himatsingike Seida on unabsorbed depreciation losses of Section 10B units. The Court clarified that deductions under Section 10B should be made while computing gross total income, not at the stage of total income computation. Case-Laws Income Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418459