https://www.taxtmi.com/caselaws?id=328382 The tribunal partly allowed the appeal of the assessee in a case involving the deduction of travelling expenses in foreign currency from export turnover under section 10A of the Income-tax Act. The tribunal disagreed with including travelling expenses in export turnover but agreed to exclude them from total turnover. Additionally, the tribunal ruled that the deduction under section 10A should be calculated without setting off the loss incurred in non-STP units. Furthermore, the tribunal directed the exclusion of certain comparables in an arms length pricing adjustment on international transactions with Associated Enterprise, requiring a rework of the calculations. en-us Fri, 29 Apr 2016 00:00:00 +0530 Mon, 30 May 2016 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328382 The tribunal partly allowed the appeal of the assessee in a case involving the deduction of travelling expenses in foreign currency from export turnover under section 10A of the Income-tax Act. The tribunal disagreed with including travelling expenses in export turnover but agreed to exclude them from total turnover. Additionally, the tribunal ruled that the deduction under section 10A should be calculated without setting off the loss incurred in non-STP units. Furthermore, the tribunal directed the exclusion of certain comparables in an arms length pricing adjustment on international transactions with Associated Enterprise, requiring a rework of the calculations. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328382