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 1265 - AT - Income TaxTPA - comparability analysis - selection procedure - Held that:- Assessee is rendering engineering services in the nature of software development services, thus companies functionally dissimilar with that of assessee need to be deselected from final list of comparability. Allowability of deduction u/s 10A - total turnover - Held that:- This issue is covered in favour of the assessee by the judgment of Hon’ble Karnataka High Court rendered in the case of M/s Tata Elxsi Ltd., [2011 (8) TMI 782 - KARNATAKA HIGH COURT] wherein it was held that the total turnover is sum total of export turnover and domestic turnover and therefore, if some amount is reduced from the export turnover then the total turnover also goes down automatically by the same amount.The issues raised by the assessee in its cross objection are held to be of academic interest only and we make no adjudication on the same.
|