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2017 (1) TMI 1388 - ITAT CHENNAI
Transfer Pricing adjustments - selection of comparables - Held that:- The assessee company is software development and technical support service provider for Symantec Group Companies and operates as contract development centre for providing software services thus companies dissimilar with that of assessee need to be deselected from final list of comparable.
Deduction u/s. 10AA - Held that:- We direct the Assessing Officer to reduce the expenditure incurred in foreign exchange are to be excluded from both export turnover and total turnover for the purpose of deduction u/s. 10A and accordingly direct the Assessing Officer. See Sak Soft Limited [2009 (3) TMI 243 - ITAT MADRAS-D]