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2018 (6) TMI 1648 - HC - Income TaxDeduction allowable u/s 10A - reducing the total turnover also by the same amount by which export turnover was reduced by the Assessing Officer in respect of foreign currency expenses incurred towards technical services rendered outside India - HELD THAT:- First purported substantial question of law raised by the Revenue is concerned, the same is covered by the Division Bench decision of this court in the case of Tata Elxsi Ltd. v. Asst. CIT [2015 (10) TMI 634 - KARNATAKA HIGH COURT] which has been affirmed by the hon'ble Supreme Court in the case of CIT v. HCL Technologies Ltd. [2018 (5) TMI 357 - SUPREME COURT]. Excluding the comparables, namely, M/s. Infosys Technologies Ltd., Kals Information Systems Ltd., Tata Elxsi Ltd., Persistent Systems Ltd. on the ground of functional dissimilarity - HELD THAT:- Companies functionally dissimilar with that of assessee as provider of software services need to deselected from final list.
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