https://www.taxtmi.com/caselaws?id=192206 ITAT Bangalore - AT held that the assessee could seek exclusion of selected comparables once proper reasons were shown and admitted additional grounds; functionally dissimilar companies were to be deselected. The tribunal upheld exclusion of foreign-currency expenditure from export turnover under s.10A but directed AO/TPO to similarly exclude those amounts from total turnover when computing the deduction. Deduction under s.10A must be computed independently without setting off losses of other undertakings. Computer software treated as part of computer qualified for depreciation at 60%. Interest income lacked nexus with business and therefore remained taxable as income from other sources. en-us Wed, 23 Sep 2015 00:00:00 +0530 Mon, 08 Sep 2025 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192206 ITAT Bangalore - AT held that the assessee could seek exclusion of selected comparables once proper reasons were shown and admitted additional grounds; functionally dissimilar companies were to be deselected. The tribunal upheld exclusion of foreign-currency expenditure from export turnover under s.10A but directed AO/TPO to similarly exclude those amounts from total turnover when computing the deduction. Deduction under s.10A must be computed independently without setting off losses of other undertakings. Computer software treated as part of computer qualified for depreciation at 60%. Interest income lacked nexus with business and therefore remained taxable as income from other sources. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192206