https://www.taxtmi.com/caselaws?id=325172 The Tribunal partly allowed the assessee's appeal in the case involving transfer pricing and corporate tax matters. The Tribunal directed the re-computation of the Arm's Length Price (ALP) by excluding certain comparables and including foreign exchange gains in the operating profit. Additionally, the Tribunal upheld the reduction of travel expenses from both export turnover and total turnover for computing the deduction under Section 10A. The revenue's appeal was dismissed, affirming the CIT(A)'s directions on the tax deduction computation. en-us Tue, 10 Nov 2015 00:00:00 +0530 Sat, 12 Mar 2016 09:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325172 The Tribunal partly allowed the assessee's appeal in the case involving transfer pricing and corporate tax matters. The Tribunal directed the re-computation of the Arm's Length Price (ALP) by excluding certain comparables and including foreign exchange gains in the operating profit. Additionally, the Tribunal upheld the reduction of travel expenses from both export turnover and total turnover for computing the deduction under Section 10A. The revenue's appeal was dismissed, affirming the CIT(A)'s directions on the tax deduction computation. Case-Laws Income Tax Tue, 10 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325172