Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (7) TMI 1406 - AT - Income TaxTP Adjustment - Provision of software development services - comparable selection - HELD THAT:- Companies functionally dissimilar with that of assessee need to be deselected. Deduction allowable u/s. 10A after reducing the telecommunication charges and expenses incurred for travel in foreign currency both from the export turnover as well as the total turnover - HELD THAT:- We find that the CIT (A) holding that the expenses excluded from the export turnover should also be excluded from the total turnover for computation of deduction u/s. 10A of the Act. We find that this issue is also covered by the decision of the jurisdictional High Court in the case of Tata Elxsi Ltd. [2011 (8) TMI 782 - KARNATAKA HIGH COURT]. In view of the same, we see no merit in the appeal of the revenue and the same is dismissed.
|