https://www.taxtmi.com/caselaws?id=193458 The Tribunal upheld the exclusion of telecommunication and foreign travel expenses from total turnover for Section 10A deduction, referencing relevant court decisions. It modified the CIT(A)'s order on the Related Party Transactions (RPT) filter, directing exclusion of companies with more than 15% RPT. Accentia Software Solutions Ltd. and Thirdware Solutions Ltd. were excluded due to profit margins exceeding 50%. Infosys Technologies Ltd. was excluded based on turnover and brand value differences. The Tribunal allowed cross objections, directing exclusion of certain companies as comparables and reevaluation of ALP. Multiple exclusions were upheld, and detailed instructions were provided for accurate computation of deductions and ALP. en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 31 Jul 2017 08:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193458 The Tribunal upheld the exclusion of telecommunication and foreign travel expenses from total turnover for Section 10A deduction, referencing relevant court decisions. It modified the CIT(A)'s order on the Related Party Transactions (RPT) filter, directing exclusion of companies with more than 15% RPT. Accentia Software Solutions Ltd. and Thirdware Solutions Ltd. were excluded due to profit margins exceeding 50%. Infosys Technologies Ltd. was excluded based on turnover and brand value differences. The Tribunal allowed cross objections, directing exclusion of certain companies as comparables and reevaluation of ALP. Multiple exclusions were upheld, and detailed instructions were provided for accurate computation of deductions and ALP. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193458