https://www.taxtmi.com/caselaws?id=243230 The Tribunal partially allowed the appeal concerning the determination of the arm's length price (ALP) for international transactions and exemption under section 10A of the Income Tax Act. Additional evidence of a share allotment certificate was admitted, leading to a remand for fresh ALP determination. The Tribunal emphasized the significance of evidence and compliance with legal provisions in tax assessments, setting aside the matter for reassessment based on the new facts presented. Foreign travel expenditure was excluded while computing the exemption under section 10B of the Act, with the appeal partially allowed for statistical purposes. en-us Thu, 04 Jul 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243230 The Tribunal partially allowed the appeal concerning the determination of the arm's length price (ALP) for international transactions and exemption under section 10A of the Income Tax Act. Additional evidence of a share allotment certificate was admitted, leading to a remand for fresh ALP determination. The Tribunal emphasized the significance of evidence and compliance with legal provisions in tax assessments, setting aside the matter for reassessment based on the new facts presented. Foreign travel expenditure was excluded while computing the exemption under section 10B of the Act, with the appeal partially allowed for statistical purposes. Case-Laws Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243230