Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 1642 - ITAT BANGALORETransfer Pricing Adjustment - comparables selection criteria - functional dissimilarity - Held that:- The assessee provides software development services and customer support service to its Associated Enterprises thus companies functionally dissimilar with that of assessee need to be deselected from final list. Exclusion of telecommunication expenses incurred in foreign currency from export turnover as well as total turnover while computing the deduction under Section 10A - Held that:- We find that the issue of expenditure incurred towards telecommunication expenses in foreign currency is reduced from export turnover an equal amount should also be reduced from total turnover while computing the deduction under section 10A of the Act, is covered in favour of the assessee by the decision of the Hon'ble Karnataka High Court in the case of CIT v. Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT] .
|