https://www.taxtmi.com/caselaws?id=301552 The ITAT held that disallowance under Sec.40(a)(ia) does not change the character of income, allowing the appellant, a subsidiary of a US corporation, to claim deduction u/s 10A despite disallowed expenses. The disallowance does not impact eligibility for deductions under Sec.10A as long as income source remains the same. en-us Thu, 30 Sep 2010 00:00:00 +0530 Fri, 08 Apr 2022 15:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301552 The ITAT held that disallowance under Sec.40(a)(ia) does not change the character of income, allowing the appellant, a subsidiary of a US corporation, to claim deduction u/s 10A despite disallowed expenses. The disallowance does not impact eligibility for deductions under Sec.10A as long as income source remains the same. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301552