https://www.taxtmi.com/caselaws?id=340819 The Tribunal partly allowed the revenue's appeal for statistical purposes, emphasizing the importance of consistent application of legal principles in determining deductions and Transfer Pricing adjustments. The Tribunal upheld the exclusion of charges like freight and telecommunication from both export and total turnover for computing deduction u/s 10A, citing consistent precedents. It also supported the exclusion of communication charges directly related to export activities. The Tribunal remanded the issue of selecting comparables for Transfer Pricing adjustment back to the TPO for reconsideration, rejecting 24 companies based on ITAT decisions. en-us Fri, 24 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340819 The Tribunal partly allowed the revenue's appeal for statistical purposes, emphasizing the importance of consistent application of legal principles in determining deductions and Transfer Pricing adjustments. The Tribunal upheld the exclusion of charges like freight and telecommunication from both export and total turnover for computing deduction u/s 10A, citing consistent precedents. It also supported the exclusion of communication charges directly related to export activities. The Tribunal remanded the issue of selecting comparables for Transfer Pricing adjustment back to the TPO for reconsideration, rejecting 24 companies based on ITAT decisions. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340819