https://www.taxtmi.com/caselaws?id=190920 The High Court upheld the Tribunal's decision in favor of the assessee regarding the determination of the 'Arm's Length Price' of certain international transactions. The Court agreed with the exclusion of certain comparables and dismissed the appeal, affirming the Tribunal's decisions. Additionally, the Court supported the exclusion of communication charges incurred in foreign currency from total turnover for computing deductions under section 10AA of the Income Tax Act, ensuring consistency in the interpretation of "export turnover" and "total turnover." en-us Wed, 24 Aug 2016 00:00:00 +0530 Wed, 08 Mar 2017 20:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190920 The High Court upheld the Tribunal's decision in favor of the assessee regarding the determination of the 'Arm's Length Price' of certain international transactions. The Court agreed with the exclusion of certain comparables and dismissed the appeal, affirming the Tribunal's decisions. Additionally, the Court supported the exclusion of communication charges incurred in foreign currency from total turnover for computing deductions under section 10AA of the Income Tax Act, ensuring consistency in the interpretation of "export turnover" and "total turnover." Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190920