https://www.taxtmi.com/caselaws?id=340799 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute the Arm's Length Price (ALP) and the deduction under Section 10A. Specific companies were excluded from comparables due to lack of functional comparability. Expenses in foreign currency were excluded from turnover calculations for Section 10A deduction. The Tribunal upheld the carry forward of losses for one unit without setting off against another unit's profits. No specific adjudication was provided on the levy of interest under Section 234D. en-us Fri, 16 Dec 2016 00:00:00 +0530 Tue, 28 Mar 2017 06:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340799 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute the Arm's Length Price (ALP) and the deduction under Section 10A. Specific companies were excluded from comparables due to lack of functional comparability. Expenses in foreign currency were excluded from turnover calculations for Section 10A deduction. The Tribunal upheld the carry forward of losses for one unit without setting off against another unit's profits. No specific adjudication was provided on the levy of interest under Section 234D. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340799