https://www.taxtmi.com/caselaws?id=293407 The High Court upheld the exclusion of expenses from both export turnover and total turnover under section 10A of the Income Tax Act to align with legislative intent. It affirmed the exclusion of certain comparables in transfer pricing analysis due to functional dissimilarities and allowed working capital adjustment without a cap. The Court dismissed the appeal by the Revenue, emphasizing the significance of applying established legal principles in interpreting the Income Tax Act and conducting transfer pricing analysis. en-us Thu, 05 Jul 2018 00:00:00 +0530 Wed, 10 Feb 2021 09:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293407 The High Court upheld the exclusion of expenses from both export turnover and total turnover under section 10A of the Income Tax Act to align with legislative intent. It affirmed the exclusion of certain comparables in transfer pricing analysis due to functional dissimilarities and allowed working capital adjustment without a cap. The Court dismissed the appeal by the Revenue, emphasizing the significance of applying established legal principles in interpreting the Income Tax Act and conducting transfer pricing analysis. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293407