https://www.taxtmi.com/caselaws?id=267729 The Tribunal dismissed the Revenue's appeal regarding the exclusion of telecommunication and foreign currency expenditure from total turnover for deduction under Section 10A, following the precedent set in CIT v. Tata Elxsi Ltd. The Tribunal partially allowed the challenge against the exclusion of comparables with related party transactions, setting the RPT ratio at 15%. Exclusion of companies with abnormal profits was partly allowed for statistical purposes. The Tribunal upheld the eligibility for a 5% deduction in the Arm's Length Price analysis and directed the exclusion of specific companies from the list of comparables while remitting others for further consideration. Both parties' appeals were partly allowed for statistical purposes, with directions for reassessment by the AO/TPO. en-us Thu, 08 Oct 2015 00:00:00 +0530 Fri, 13 Nov 2015 15:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267729 The Tribunal dismissed the Revenue's appeal regarding the exclusion of telecommunication and foreign currency expenditure from total turnover for deduction under Section 10A, following the precedent set in CIT v. Tata Elxsi Ltd. The Tribunal partially allowed the challenge against the exclusion of comparables with related party transactions, setting the RPT ratio at 15%. Exclusion of companies with abnormal profits was partly allowed for statistical purposes. The Tribunal upheld the eligibility for a 5% deduction in the Arm's Length Price analysis and directed the exclusion of specific companies from the list of comparables while remitting others for further consideration. Both parties' appeals were partly allowed for statistical purposes, with directions for reassessment by the AO/TPO. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267729