https://www.taxtmi.com/caselaws?id=278899 The High Court considered the Revenue's appeal under Section 260A of the Income Tax Act, 1961, regarding the exclusion of comparables by the ITAT. The Court found the exclusion of certain comparables justified based on functional similarity with the assessee. However, it agreed to consider the exclusion of other comparables, including TCS and Infosys. Additionally, the Court ruled against treating forex gain/loss as income, citing relevant precedents. The judgment provided detailed analysis on both issues, highlighting questions of law for further consideration. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sun, 24 Feb 2019 14:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278899 The High Court considered the Revenue's appeal under Section 260A of the Income Tax Act, 1961, regarding the exclusion of comparables by the ITAT. The Court found the exclusion of certain comparables justified based on functional similarity with the assessee. However, it agreed to consider the exclusion of other comparables, including TCS and Infosys. Additionally, the Court ruled against treating forex gain/loss as income, citing relevant precedents. The judgment provided detailed analysis on both issues, highlighting questions of law for further consideration. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278899