https://www.taxtmi.com/caselaws?id=286730 Transfer pricing for intra-group management support services requires the assessee to prove actual rendition of services; the payment cannot be upheld at nil merely on a view that the expenditure was unnecessary, and remand was refused for lack of adequate evidence. For section 10A, interest income was directed to be included in eligible profits in line with jurisdictional precedent. Foreign currency expenditure on telecommunication, travel, insurance and related items was required to be excluded from both export turnover and total turnover when computing the deduction, following settled computation principles. en-us Mon, 20 Nov 2017 00:00:00 +0530 Fri, 13 Mar 2020 10:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286730 Transfer pricing for intra-group management support services requires the assessee to prove actual rendition of services; the payment cannot be upheld at nil merely on a view that the expenditure was unnecessary, and remand was refused for lack of adequate evidence. For section 10A, interest income was directed to be included in eligible profits in line with jurisdictional precedent. Foreign currency expenditure on telecommunication, travel, insurance and related items was required to be excluded from both export turnover and total turnover when computing the deduction, following settled computation principles. Case-Laws Income Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286730