https://www.taxtmi.com/caselaws?id=262795 The Tribunal upheld the exclusion of foreign currency communication expenses from both "export turnover" and "total turnover" for deduction under Section 10A. It directed the application of a 15% RPT filter and turnover filter excluding companies over Rs. 200 Crores. The Tribunal reversed the exclusion of companies with profit margins over 50%, remanding for further investigation. It disallowed the standard deduction of 5% for ALP computation and remanded issues of miscellaneous income and depreciation adjustment for re-examination. Certain comparables were excluded based on functional differences. The decision provided detailed directions for re-examination, partly allowing the appeals. en-us Thu, 30 Apr 2015 00:00:00 +0530 Wed, 19 Aug 2015 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262795 The Tribunal upheld the exclusion of foreign currency communication expenses from both "export turnover" and "total turnover" for deduction under Section 10A. It directed the application of a 15% RPT filter and turnover filter excluding companies over Rs. 200 Crores. The Tribunal reversed the exclusion of companies with profit margins over 50%, remanding for further investigation. It disallowed the standard deduction of 5% for ALP computation and remanded issues of miscellaneous income and depreciation adjustment for re-examination. Certain comparables were excluded based on functional differences. The decision provided detailed directions for re-examination, partly allowing the appeals. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262795