https://www.taxtmi.com/caselaws?id=294005 The High Court dismissed the Revenue's appeal, ruling that no substantial question of law arose for consideration in the case. The Court emphasized the importance of consistent deductions for export business profitability under section 10A of the Income Tax Act. It upheld the exclusion of certain comparables and the adjustment of interest on outstanding debtors, highlighting the need for a clear showing of perversity in Tribunal findings to maintain an appeal under Section 260-A of the Act. The Court clarified the criteria for invoking Section 260-A and stressed the significance of expeditious resolution in international trade disputes. en-us Fri, 06 Jul 2018 00:00:00 +0530 Sun, 14 Mar 2021 20:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294005 The High Court dismissed the Revenue's appeal, ruling that no substantial question of law arose for consideration in the case. The Court emphasized the importance of consistent deductions for export business profitability under section 10A of the Income Tax Act. It upheld the exclusion of certain comparables and the adjustment of interest on outstanding debtors, highlighting the need for a clear showing of perversity in Tribunal findings to maintain an appeal under Section 260-A of the Act. The Court clarified the criteria for invoking Section 260-A and stressed the significance of expeditious resolution in international trade disputes. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294005