https://www.taxtmi.com/caselaws?id=194296 The Tribunal partly allowed the revenue's appeal, permitting the inclusion of R.S. Software Ltd. as a comparable in the Software Development segment. The Tribunal upheld the exclusion of certain companies from the list of comparables due to functional dissimilarity and the reduction of telecommunication and foreign currency expenses from export turnover for computing deductions under Section 10A of the IT Act. The Tribunal dismissed the assessee's cross-objection as academic, without specifically addressing the issues of appropriate adjustments to comparable companies and the treatment of sub-contracting charges. en-us Fri, 26 Aug 2016 00:00:00 +0530 Mon, 04 Sep 2017 17:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194296 The Tribunal partly allowed the revenue's appeal, permitting the inclusion of R.S. Software Ltd. as a comparable in the Software Development segment. The Tribunal upheld the exclusion of certain companies from the list of comparables due to functional dissimilarity and the reduction of telecommunication and foreign currency expenses from export turnover for computing deductions under Section 10A of the IT Act. The Tribunal dismissed the assessee's cross-objection as academic, without specifically addressing the issues of appropriate adjustments to comparable companies and the treatment of sub-contracting charges. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194296