https://www.taxtmi.com/caselaws?id=391003 The Tribunal partially allowed the appeals of both the assessee and the revenue, directing the exclusion of certain companies from the list of comparables based on functional dissimilarity and the inclusion of others. The treatment of foreign exchange loss was referred back for fresh adjudication due to disclosure issues, while the reduction of foreign exchange expenditure for Section 10A deduction was upheld. The Tribunal confirmed the CIT(A)'s decision on functional dissimilarity of comparables and referred the working capital adjustment issue for fresh adjudication. The order was pronounced on 10th Jan., 2020. en-us Fri, 10 Jan 2020 00:00:00 +0530 Thu, 16 Jan 2020 19:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391003 The Tribunal partially allowed the appeals of both the assessee and the revenue, directing the exclusion of certain companies from the list of comparables based on functional dissimilarity and the inclusion of others. The treatment of foreign exchange loss was referred back for fresh adjudication due to disclosure issues, while the reduction of foreign exchange expenditure for Section 10A deduction was upheld. The Tribunal confirmed the CIT(A)'s decision on functional dissimilarity of comparables and referred the working capital adjustment issue for fresh adjudication. The order was pronounced on 10th Jan., 2020. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391003