https://www.taxtmi.com/caselaws?id=334096 The Tribunal upheld the decision to exclude expenses incurred in foreign currency from export and total turnover under Section 10A. It directed the Transfer Pricing Officer to use a turnover multiple of 10 times for selecting comparables and exclude companies based on functional dissimilarity and high turnover. Filters like employee cost and related party transactions at 15% should be consistently applied. The revenue's appeal and the assessee's cross-objection were partly allowed, instructing the TPO to recalculate the Arm's Length Price. en-us Fri, 26 Aug 2016 00:00:00 +0530 Wed, 19 Oct 2016 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334096 The Tribunal upheld the decision to exclude expenses incurred in foreign currency from export and total turnover under Section 10A. It directed the Transfer Pricing Officer to use a turnover multiple of 10 times for selecting comparables and exclude companies based on functional dissimilarity and high turnover. Filters like employee cost and related party transactions at 15% should be consistently applied. The revenue's appeal and the assessee's cross-objection were partly allowed, instructing the TPO to recalculate the Arm's Length Price. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334096