https://www.taxtmi.com/caselaws?id=194284 A functionally dissimilar IT-enabled services comparable engaged in engineering design, detailing and website design, with extraordinary profits and segmental peculiarities, was held unsuitable for benchmarking a captive low-end ITES provider, so its exclusion from comparables was upheld. Deduction under section 10A was to be computed at the stage of determining profits of the eligible undertaking, before set-off of brought forward business losses under section 72, so the assessee's section 10A claim took priority in the computation sequence. The Revenue's additions did not survive, and relief was granted on both disputed issues. en-us Tue, 13 Dec 2016 00:00:00 +0530 Mon, 04 Sep 2017 08:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194284 A functionally dissimilar IT-enabled services comparable engaged in engineering design, detailing and website design, with extraordinary profits and segmental peculiarities, was held unsuitable for benchmarking a captive low-end ITES provider, so its exclusion from comparables was upheld. Deduction under section 10A was to be computed at the stage of determining profits of the eligible undertaking, before set-off of brought forward business losses under section 72, so the assessee's section 10A claim took priority in the computation sequence. The Revenue's additions did not survive, and relief was granted on both disputed issues. Case-Laws Income Tax Tue, 13 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194284