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2015 (5) TMI 1129 - AT - Income TaxTPA - selection criteria for comparable - Held that:- ITES rendered by the Assessee include customer services, stores help desk, Financial services, one stop processes, pension service, property services and online advertising services. IT services include software development, quality deployment, testing and support services, thus companies functionally dissimilar with that of assessee need to be deselected from final list of comparable. Computing deduction u/s.10A - exclusion of telecommunication charges and insurance expenses of and expenses incurred in foreign current from the export turnover - Held that:- Taking into consideration the decision rendered by the Hon’ble High Court of Karnataka in the case of CIT v. Tata Elxsi Ltd [2011 (8) TMI 782 - KARNATAKA HIGH COURT] we are of the view that it would be just and appropriate to direct the Assessing Officer to exclude telecommunication charges and insurance charges incurred be excluded both from export turnover and total turnover, as has been prayed for by the assessee in the alternative.
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