Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 1424 - AT - Income TaxComputation of deduction u/s 10A - exclusion both from export turnover as well as total turnover - HELD THAT:- See Sak Soft [2009 (3) TMI 243 - ITAT MADRAS-D] wherein it is held that communication charges attributable directly to the export of article or thing outside India has to be excluded both from export turnover as well as total turnover while computing exemption u/s 10A of the Act. In view of the ratio laid down as above, the finding of the DRP on this issue is upheld and ground raised by the Revenue is dismissed. TP Adjustment - exclusion of comparables - HELD THAT:- No infirmity in the order of the DRP in directing the AO/TPO to exclude the companies from the list of comparables considering their advantageous brand value along with high turnover. Accordingly, this ground of appeal of revenue is dismissed.
|