https://www.taxtmi.com/caselaws?id=176835 A captive software development service provider should not be compared with functionally dissimilar product-driven or diversified companies; Bodhtree Consulting, Tata Elxsi and Infosys were identified as unsuitable comparables, and working capital adjustment required recomputation on actual basis. Employer-borne tax on an expatriate's contractually net salary was treated as part of remuneration and deductible as business expenditure. Reimbursement for Oracle software licence expenses was treated as royalty requiring tax deduction at source, so the claim was disallowed. Telecommunication, insurance, travel and conveyance expenses excluded from export turnover must also be excluded from total turnover for section 10A computation. Circuit test boards were treated as computer peripherals eligible for 60% depreciation. en-us Wed, 22 Jul 2015 00:00:00 +0530 Wed, 30 Dec 2015 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176835 A captive software development service provider should not be compared with functionally dissimilar product-driven or diversified companies; Bodhtree Consulting, Tata Elxsi and Infosys were identified as unsuitable comparables, and working capital adjustment required recomputation on actual basis. Employer-borne tax on an expatriate's contractually net salary was treated as part of remuneration and deductible as business expenditure. Reimbursement for Oracle software licence expenses was treated as royalty requiring tax deduction at source, so the claim was disallowed. Telecommunication, insurance, travel and conveyance expenses excluded from export turnover must also be excluded from total turnover for section 10A computation. Circuit test boards were treated as computer peripherals eligible for 60% depreciation. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176835