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2017 (1) TMI 1653 - AT - Income TaxDeduction u/s. 10A - HELD THAT:- In the case of CIT v. Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT] in which it has been held that where certain expenses are not part of the export turnover, the same should be excluded from the total turnover. We, therefore, following the judgment of the jurisdictional High Court, decide this issue in favour of assessee and direct the AO to recompute the deduction u/s. 10A TPA - comparable selection - HELD THAT:- Assessee is engaged in providing software development services and coding of embedded software to its Associated Enterprise (AE) thus companies functionally dissimilar with that of assessee need to be deselected from final list.
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