https://www.taxtmi.com/caselaws?id=268499 The appeal was partly allowed, with directions to the Assessing Officer to recompute the Arm's Length Price (ALP) by excluding non-comparable companies as identified by the Tribunal. Additionally, the exclusion of foreign currency expenses and communication charges from export turnover/total turnover was upheld following the Karnataka High Court decision. The Tribunal directed the Assessing Officer to verify the Assessee's claim for set-off of current year unabsorbed depreciation against the adjustments made to business income and provide relief accordingly. en-us Thu, 14 May 2015 00:00:00 +0530 Thu, 26 Nov 2015 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268499 The appeal was partly allowed, with directions to the Assessing Officer to recompute the Arm's Length Price (ALP) by excluding non-comparable companies as identified by the Tribunal. Additionally, the exclusion of foreign currency expenses and communication charges from export turnover/total turnover was upheld following the Karnataka High Court decision. The Tribunal directed the Assessing Officer to verify the Assessee's claim for set-off of current year unabsorbed depreciation against the adjustments made to business income and provide relief accordingly. Case-Laws Income Tax Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268499