https://www.taxtmi.com/caselaws?id=363164 The Court clarified the interpretation of Section 10A of the Income Tax Act, aligning the exclusion of expenditure in foreign currency from export turnover with legislative intent. It upheld the Tribunal's decision to exclude certain companies with significant related party transactions under TNMM for determining arm's length price. The Court supported the exclusion of companies with RPT exceeding 15% of total sales/revenue and directed the TPO to re-examine comparability based on previous findings. The appeal under Section 260-A was deemed not maintainable as no substantial question of law arose, leading to the dismissal of the Revenue's appeal. en-us Thu, 28 Jun 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363164 The Court clarified the interpretation of Section 10A of the Income Tax Act, aligning the exclusion of expenditure in foreign currency from export turnover with legislative intent. It upheld the Tribunal's decision to exclude certain companies with significant related party transactions under TNMM for determining arm's length price. The Court supported the exclusion of companies with RPT exceeding 15% of total sales/revenue and directed the TPO to re-examine comparability based on previous findings. The appeal under Section 260-A was deemed not maintainable as no substantial question of law arose, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363164