https://www.taxtmi.com/caselaws?id=277056 The Tribunal ruled in favor of the assessee regarding the exclusion of expenses incurred in foreign currency from export turnover and total turnover for Section 10A deduction, aligning with the decision of the Hon'ble Karnataka High Court. In the Transfer Pricing Adjustment, the Tribunal excluded several companies from the set of comparables in Software Development Services based on functional comparability. Additionally, specific companies were excluded from the ITES and Marketing Support Services segments due to functional dissimilarity. The Tribunal partly allowed the appeal of the revenue and the cross-objection of the assessee. en-us Wed, 27 Sep 2017 00:00:00 +0530 Thu, 22 Nov 2018 21:20:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277056 The Tribunal ruled in favor of the assessee regarding the exclusion of expenses incurred in foreign currency from export turnover and total turnover for Section 10A deduction, aligning with the decision of the Hon'ble Karnataka High Court. In the Transfer Pricing Adjustment, the Tribunal excluded several companies from the set of comparables in Software Development Services based on functional comparability. Additionally, specific companies were excluded from the ITES and Marketing Support Services segments due to functional dissimilarity. The Tribunal partly allowed the appeal of the revenue and the cross-objection of the assessee. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277056