https://www.taxtmi.com/caselaws?id=381854 The High Court directed the Tribunal to decide on the allocation of operative expenses between eligible and non-eligible units for deduction under Section 10A. The Court upheld the Tribunal's decisions on excluding certain companies from the comparables list based on functional differences and high operating margins, finding no legal issues with these exclusions. Additionally, the Court agreed with the Tribunal's inclusion of SIP Technology and Exports Limited in the comparables list, despite objections raised by the Revenue regarding the company's past losses. en-us Tue, 11 Jun 2019 00:00:00 +0530 Wed, 19 Jun 2019 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381854 The High Court directed the Tribunal to decide on the allocation of operative expenses between eligible and non-eligible units for deduction under Section 10A. The Court upheld the Tribunal's decisions on excluding certain companies from the comparables list based on functional differences and high operating margins, finding no legal issues with these exclusions. Additionally, the Court agreed with the Tribunal's inclusion of SIP Technology and Exports Limited in the comparables list, despite objections raised by the Revenue regarding the company's past losses. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381854