https://www.taxtmi.com/caselaws?id=456346 ITAT Chennai ruled on multiple tax deductions for an assessee. The tribunal directed exclusion of help desk service charges and travelling expenses from export turnover for section 10A deduction computation, following Sak Soft Ltd precedent. Section 10A deduction was allowed despite voluntary disallowances under section 43B, following Gem Plus Jewellery precedent. RAM purchase costs were treated as revenue expenditure rather than capital, following APL India precedent. Interest on delayed service tax payment was allowed as compensatory revenue expenditure per Messee Dusseldorf precedent, while PF contribution disallowance was upheld. The reimbursement of salary costs to GTE-OC was remanded to AO pending SC decision on related AAR proceedings. en-us Tue, 06 Mar 2018 00:00:00 +0530 Thu, 18 Jul 2024 19:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456346 ITAT Chennai ruled on multiple tax deductions for an assessee. The tribunal directed exclusion of help desk service charges and travelling expenses from export turnover for section 10A deduction computation, following Sak Soft Ltd precedent. Section 10A deduction was allowed despite voluntary disallowances under section 43B, following Gem Plus Jewellery precedent. RAM purchase costs were treated as revenue expenditure rather than capital, following APL India precedent. Interest on delayed service tax payment was allowed as compensatory revenue expenditure per Messee Dusseldorf precedent, while PF contribution disallowance was upheld. The reimbursement of salary costs to GTE-OC was remanded to AO pending SC decision on related AAR proceedings. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456346