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2016 (10) TMI 1144 - AT - Income TaxTPA - selection of comparable - Held that:- Assessee is providing BPO services thus companies functionally dissimlar with that of assessee need to deselected from final list. Deduction allowable to the assessee u/s 10A - Held that:- These grounds is covered in favour of the assessee by the judgment of the 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 domestic turnover and export turnover and therefore, if an amount is reduced from the export turnover then, the total turnover also gets reduced by the same amount. Thus we direct the AO to re-calculate the deduction allowable to the assessee u/s 10A of the Act by reducing the total turnover also by the same amount by which export turnover was reduced by the AO in respect of foreign currency expenses incurred towards technical services rendered outside India.
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