https://www.taxtmi.com/caselaws?id=285201 The Tribunal upheld the Dispute Resolution Panel's decision to exclude companies with turnovers over Rs. 200 Crores from comparables, finding it more stringent than necessary. The Tribunal set aside the DRP's 1% risk adjustment, emphasizing the need for quantification. It upheld the exclusion of certain expenses from export turnover under Section 10A. The issue of foreign exchange loss reduction was remanded for proper verification. The Tribunal allowed both the assessee and revenue's appeals for further verification and adjudication, stressing the importance of accurate computation and uniform application of tax adjustments. en-us Fri, 28 Apr 2017 00:00:00 +0530 Wed, 01 Jan 2020 16:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285201 The Tribunal upheld the Dispute Resolution Panel's decision to exclude companies with turnovers over Rs. 200 Crores from comparables, finding it more stringent than necessary. The Tribunal set aside the DRP's 1% risk adjustment, emphasizing the need for quantification. It upheld the exclusion of certain expenses from export turnover under Section 10A. The issue of foreign exchange loss reduction was remanded for proper verification. The Tribunal allowed both the assessee and revenue's appeals for further verification and adjudication, stressing the importance of accurate computation and uniform application of tax adjustments. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285201