https://www.taxtmi.com/caselaws?id=341085 The appeal challenged the tax assessment of total income against the returned loss, specifically disputing the taxability of revenues from operations outside India. The tribunal partially allowed the appeal, directing the Assessing Officer to adopt 10% as the profit attribution on offshore revenues for the relevant assessment year. The appeal also contested the taxing of revenues from inside India operations on a deemed profit basis of 10%, but these grounds were dismissed by the tribunal as they were not pressed by the appellant. The tribunal addressed transfer pricing issues and directed the adoption of 10% profit attribution on offshore revenues. Other tax-related issues raised in the appeal were not specifically analyzed by the tribunal. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sat, 01 Apr 2017 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341085 The appeal challenged the tax assessment of total income against the returned loss, specifically disputing the taxability of revenues from operations outside India. The tribunal partially allowed the appeal, directing the Assessing Officer to adopt 10% as the profit attribution on offshore revenues for the relevant assessment year. The appeal also contested the taxing of revenues from inside India operations on a deemed profit basis of 10%, but these grounds were dismissed by the tribunal as they were not pressed by the appellant. The tribunal addressed transfer pricing issues and directed the adoption of 10% profit attribution on offshore revenues. Other tax-related issues raised in the appeal were not specifically analyzed by the tribunal. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341085