https://www.taxtmi.com/caselaws?id=259774 The Tribunal partially allowed both the Revenue's appeal and the assessee's cross-objections. Various issues were remanded for further examination by the TPO, with clear directives on applying filters and using data in compliance with statutory provisions and judicial precedents. The Tribunal upheld the exclusion of foreign currency expenses from deduction under Section 10A, directed a 15% RPT filter for comparables, reversed the exclusion of companies with abnormal profits, disallowed the 5% standard deduction, remanded the comparability issue of certain companies, upheld the use of current year data, dismissed the assessee's risk adjustment claim, and directed detailed verification on reimbursement of expenses. Interest under Section 234B was upheld as mandatory. en-us Fri, 09 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259774 The Tribunal partially allowed both the Revenue's appeal and the assessee's cross-objections. Various issues were remanded for further examination by the TPO, with clear directives on applying filters and using data in compliance with statutory provisions and judicial precedents. The Tribunal upheld the exclusion of foreign currency expenses from deduction under Section 10A, directed a 15% RPT filter for comparables, reversed the exclusion of companies with abnormal profits, disallowed the 5% standard deduction, remanded the comparability issue of certain companies, upheld the use of current year data, dismissed the assessee's risk adjustment claim, and directed detailed verification on reimbursement of expenses. Interest under Section 234B was upheld as mandatory. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259774