https://www.taxtmi.com/caselaws?id=196361 The ITAT partly allowed the appeal, directing the AO to recompute the mean PLI using the comparables cited by the assessee, allow the working capital adjustment as per the earlier assessment year, include foreign exchange fluctuations in the operating margins, recompute the Section 10A exemption without adjusting losses, exclude telecommunication and foreign exchange expenses from export turnover, treat the government grant as capital in nature, and dispose of the rectification application for foreign tax credit and TDS credit. en-us Fri, 21 Nov 2014 00:00:00 +0530 Tue, 28 Nov 2017 21:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196361 The ITAT partly allowed the appeal, directing the AO to recompute the mean PLI using the comparables cited by the assessee, allow the working capital adjustment as per the earlier assessment year, include foreign exchange fluctuations in the operating margins, recompute the Section 10A exemption without adjusting losses, exclude telecommunication and foreign exchange expenses from export turnover, treat the government grant as capital in nature, and dispose of the rectification application for foreign tax credit and TDS credit. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196361