https://www.taxtmi.com/caselaws?id=243630 The Tribunal partly allowed the appeal, directing the exclusion of communication and foreign travel expenses from both export and total turnover for computing deduction under section 10A. Specific directions were given regarding transfer pricing adjustments, comparability of companies, treatment of foreign exchange gain/loss, working capital and risk adjustments. The Tribunal upheld the charging of interest under sections 234B and 234C and dismissed the challenge against the initiation of penalty proceedings under section 271(1)(c). Various issues were remanded back to the Transfer Pricing Officer for further consideration and recalculations in accordance with legal precedents and statutory provisions. en-us Wed, 31 Jul 2013 00:00:00 +0530 Sat, 09 May 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243630 The Tribunal partly allowed the appeal, directing the exclusion of communication and foreign travel expenses from both export and total turnover for computing deduction under section 10A. Specific directions were given regarding transfer pricing adjustments, comparability of companies, treatment of foreign exchange gain/loss, working capital and risk adjustments. The Tribunal upheld the charging of interest under sections 234B and 234C and dismissed the challenge against the initiation of penalty proceedings under section 271(1)(c). Various issues were remanded back to the Transfer Pricing Officer for further consideration and recalculations in accordance with legal precedents and statutory provisions. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243630