https://www.taxtmi.com/caselaws?id=393194 The Tribunal directed the exclusion of KALs Information System Ltd. from the final list of comparables, upheld the exclusion of Infosys Technologies Ltd. due to substantial turnover differences, allowed the deduction of telecommunication expenses from both export and total turnover, directed exclusion of foreign currency expenses from both turnovers, deleted disallowance under section 14A, allowed deduction for Deputation of Technical Manpower, and remanded the issue of forex gain for proper verification. The appeal of the assessee was allowed for statistical purposes, while the Revenue's appeal was partly allowed for statistical purposes. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 07 Mar 2020 10:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393194 The Tribunal directed the exclusion of KALs Information System Ltd. from the final list of comparables, upheld the exclusion of Infosys Technologies Ltd. due to substantial turnover differences, allowed the deduction of telecommunication expenses from both export and total turnover, directed exclusion of foreign currency expenses from both turnovers, deleted disallowance under section 14A, allowed deduction for Deputation of Technical Manpower, and remanded the issue of forex gain for proper verification. The appeal of the assessee was allowed for statistical purposes, while the Revenue's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393194