https://www.taxtmi.com/caselaws?id=192323 The tribunal partly allowed the appeal for statistical purposes, directing specific adjustments and re-evaluation by the DRP and Assessing Officer. The exclusion of telecommunication and foreign travel expenditure from export turnover was upheld, but these expenditures were also excluded from total turnover. The deduction under section 10A was to be calculated without setting off losses of other STPI units. The set off of loss in the STPI unit against profits of the non-STPI unit was allowed. The matter of disallowance of provisions for expenditure was remitted back for reconsideration. Additionally, adjustments were made in transfer pricing issues, excluding certain comparables and reworking working capital adjustments. en-us Fri, 10 Feb 2017 00:00:00 +0530 Wed, 24 May 2017 18:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192323 The tribunal partly allowed the appeal for statistical purposes, directing specific adjustments and re-evaluation by the DRP and Assessing Officer. The exclusion of telecommunication and foreign travel expenditure from export turnover was upheld, but these expenditures were also excluded from total turnover. The deduction under section 10A was to be calculated without setting off losses of other STPI units. The set off of loss in the STPI unit against profits of the non-STPI unit was allowed. The matter of disallowance of provisions for expenditure was remitted back for reconsideration. Additionally, adjustments were made in transfer pricing issues, excluding certain comparables and reworking working capital adjustments. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192323