https://www.taxtmi.com/caselaws?id=327279 The appeal involved issues of Transfer Pricing Adjustment, exclusion of telecommunication expenses and foreign travel expenditure from export turnover for deduction under Section 10A, and charging of interest under Sections 234B & 234C. The Transfer Pricing Adjustment issue became moot as it was resolved under the Mutual Agreement Procedure per the Indo USA DTAA. The expenses were directed to be excluded from both export turnover and total turnover for Section 10A deduction calculation to maintain consistency. The appeal partially allowed the assessee's appeal, emphasizing the importance of consistency in turnover calculations for deductions under Section 10A and resolving transfer pricing disputes through mutual agreement procedures. en-us Wed, 27 Apr 2016 00:00:00 +0530 Sat, 07 May 2016 11:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327279 The appeal involved issues of Transfer Pricing Adjustment, exclusion of telecommunication expenses and foreign travel expenditure from export turnover for deduction under Section 10A, and charging of interest under Sections 234B & 234C. The Transfer Pricing Adjustment issue became moot as it was resolved under the Mutual Agreement Procedure per the Indo USA DTAA. The expenses were directed to be excluded from both export turnover and total turnover for Section 10A deduction calculation to maintain consistency. The appeal partially allowed the assessee's appeal, emphasizing the importance of consistency in turnover calculations for deductions under Section 10A and resolving transfer pricing disputes through mutual agreement procedures. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327279