https://www.taxtmi.com/caselaws?id=358456 The Tribunal upheld the decision of the DRP to reduce telecommunication and travel expenses from both export and total turnover for deduction under Section 10A of the Income Tax Act, 1961. Regarding the determination of Arm's Length Price (ALP) for international transactions, the Tribunal approved the exclusion and inclusion of specific comparable companies, directing a full working capital adjustment. The Tribunal partially allowed the Revenue's appeal by including RS Software (India) Ltd. as a comparable but dismissed the appeal in all other aspects, while the Assessee's cross-objection was deemed infructuous. en-us Fri, 06 Apr 2018 00:00:00 +0530 Thu, 12 Apr 2018 07:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358456 The Tribunal upheld the decision of the DRP to reduce telecommunication and travel expenses from both export and total turnover for deduction under Section 10A of the Income Tax Act, 1961. Regarding the determination of Arm's Length Price (ALP) for international transactions, the Tribunal approved the exclusion and inclusion of specific comparable companies, directing a full working capital adjustment. The Tribunal partially allowed the Revenue's appeal by including RS Software (India) Ltd. as a comparable but dismissed the appeal in all other aspects, while the Assessee's cross-objection was deemed infructuous. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358456