https://www.taxtmi.com/caselaws?id=247962 The appeal was partly allowed, with directions for the TPO to re-examine certain comparables and for the AO to adjust the computation of the deduction under section 10B as per the Tribunal's findings. The Tribunal found discrepancies in the selection of comparable companies by the TPO and directed for a fresh examination of specific companies. Additionally, the AO was instructed to exclude certain expenses from both export and total turnover while computing the deduction under section 10B, following the Karnataka High Court's decision in Tata Elxsi Ltd. en-us Fri, 14 Mar 2014 00:00:00 +0530 Fri, 20 Mar 2015 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247962 The appeal was partly allowed, with directions for the TPO to re-examine certain comparables and for the AO to adjust the computation of the deduction under section 10B as per the Tribunal's findings. The Tribunal found discrepancies in the selection of comparable companies by the TPO and directed for a fresh examination of specific companies. Additionally, the AO was instructed to exclude certain expenses from both export and total turnover while computing the deduction under section 10B, following the Karnataka High Court's decision in Tata Elxsi Ltd. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247962