https://www.taxtmi.com/caselaws?id=239245 The Tribunal directed the exclusion of certain comparables for Transfer Pricing (TP) analysis, including Avani Cimcon Technologies Ltd., Infosys Technologies Ltd., Ishir Infotech Pvt. Ltd., Lucid Software Ltd., Megasoft Ltd., Tata Elxi Ltd., and Wipro Ltd. The Tribunal also instructed the AO/TPO to reconsider the comparability of rejected companies, verify the nature of reimbursements received from Associated Enterprises, allow the deduction under Section 10A for the Chennai unit, adjust expenses from export turnover for Section 10A deduction, and review the addition of reimbursement expenses from Virtusa Pvt Ltd., Sri Lanka, to the export turnover. The appeal was partly allowed with specific directions for re-evaluation. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 29 Mar 2016 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239245 The Tribunal directed the exclusion of certain comparables for Transfer Pricing (TP) analysis, including Avani Cimcon Technologies Ltd., Infosys Technologies Ltd., Ishir Infotech Pvt. Ltd., Lucid Software Ltd., Megasoft Ltd., Tata Elxi Ltd., and Wipro Ltd. The Tribunal also instructed the AO/TPO to reconsider the comparability of rejected companies, verify the nature of reimbursements received from Associated Enterprises, allow the deduction under Section 10A for the Chennai unit, adjust expenses from export turnover for Section 10A deduction, and review the addition of reimbursement expenses from Virtusa Pvt Ltd., Sri Lanka, to the export turnover. The appeal was partly allowed with specific directions for re-evaluation. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239245