https://www.taxtmi.com/caselaws?id=294963 The appeal was partly allowed in favor of the assessee regarding adjustments under Section 10A of the Income Tax Act. The exclusion of certain expenses from export turnover was contested and allowed based on relevant court judgments. The issue of foreign tax credit was also addressed, directing the assessing officer to reconsider the matter. Other grounds related to interest income classification and software expenses were discussed, with decisions made on their treatment for tax purposes. The assessee withdrew several grounds related to transfer pricing during the proceedings. en-us Wed, 11 Jan 2017 00:00:00 +0530 Thu, 13 May 2021 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294963 The appeal was partly allowed in favor of the assessee regarding adjustments under Section 10A of the Income Tax Act. The exclusion of certain expenses from export turnover was contested and allowed based on relevant court judgments. The issue of foreign tax credit was also addressed, directing the assessing officer to reconsider the matter. Other grounds related to interest income classification and software expenses were discussed, with decisions made on their treatment for tax purposes. The assessee withdrew several grounds related to transfer pricing during the proceedings. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294963