https://www.taxtmi.com/caselaws?id=342170 The Tribunal dismissed the assessee's appeal, upholding the transfer pricing adjustment made by the Transfer Pricing Officer. The selection of comparable companies was adjusted multiple times, with exclusions and inclusions based on turnover filters and functionality. Certain companies were excluded from the comparables list due to functional differences. Additionally, the Tribunal upheld the reduction of travel expenses from both export and total turnover for Section 10A deduction, following a precedent set by the Karnataka High Court. en-us Fri, 17 Mar 2017 00:00:00 +0530 Fri, 28 Apr 2017 10:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342170 The Tribunal dismissed the assessee's appeal, upholding the transfer pricing adjustment made by the Transfer Pricing Officer. The selection of comparable companies was adjusted multiple times, with exclusions and inclusions based on turnover filters and functionality. Certain companies were excluded from the comparables list due to functional differences. Additionally, the Tribunal upheld the reduction of travel expenses from both export and total turnover for Section 10A deduction, following a precedent set by the Karnataka High Court. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342170