https://www.taxtmi.com/caselaws?id=354619 The Tribunal decided in favor of the assessee regarding the exclusion of communication expenses from turnover for deduction under Section 10A, citing a Karnataka High Court decision. The issue of excluding certain companies based on size and turnover was partly allowed in favor of the revenue. The exclusion of M/s Celestial Biolabs Ltd. was decided in favor of the revenue. The rejection of the employee cost filter was in favor of the revenue. The Tribunal dismissed the revenue's appeal on the diminishing revenue and different financial year filters. The Tribunal directed the exclusion of certain companies from the set of comparables and upheld the adjustment to interest on external commercial borrowings. en-us Wed, 25 Oct 2017 00:00:00 +0530 Tue, 06 Feb 2018 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354619 The Tribunal decided in favor of the assessee regarding the exclusion of communication expenses from turnover for deduction under Section 10A, citing a Karnataka High Court decision. The issue of excluding certain companies based on size and turnover was partly allowed in favor of the revenue. The exclusion of M/s Celestial Biolabs Ltd. was decided in favor of the revenue. The rejection of the employee cost filter was in favor of the revenue. The Tribunal dismissed the revenue's appeal on the diminishing revenue and different financial year filters. The Tribunal directed the exclusion of certain companies from the set of comparables and upheld the adjustment to interest on external commercial borrowings. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354619