https://www.taxtmi.com/caselaws?id=261531 The Tribunal upheld the use of the Cost Plus Method (CPM) for determining the arm's length price (ALP) and the selection of comparables based on product similarity. Adjustments to export turnover included excluding telecommunication expenses from both export and total turnover and including profits from trading activities in the eligible profits for deduction under section 10A. The issue of depreciation on plant and machinery purchased from M/s. Elpro International Ltd. was remanded to the CIT(A) for a decision consistent with earlier years' appeals. The revenue's appeal was dismissed, while the assessee's appeals for the assessment years 2004-05 and 2005-06 were partly allowed. en-us Tue, 30 Jun 2015 00:00:00 +0530 Wed, 15 Jul 2015 06:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261531 The Tribunal upheld the use of the Cost Plus Method (CPM) for determining the arm's length price (ALP) and the selection of comparables based on product similarity. Adjustments to export turnover included excluding telecommunication expenses from both export and total turnover and including profits from trading activities in the eligible profits for deduction under section 10A. The issue of depreciation on plant and machinery purchased from M/s. Elpro International Ltd. was remanded to the CIT(A) for a decision consistent with earlier years' appeals. The revenue's appeal was dismissed, while the assessee's appeals for the assessment years 2004-05 and 2005-06 were partly allowed. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261531