https://www.taxtmi.com/caselaws?id=296179 The Tribunal directed the A.O. to reexamine the allocation of head office expenses for units claiming exemption under Section 10A/10B, emphasizing the need to allocate only net expenses relevant to the total business. Certain companies were upheld to be rightfully excluded from comparables due to their scale and functional differences. The Tribunal also instructed the A.O. to grant the working capital adjustment for determining the arm's length price. The appeals were disposed of with the assessee's appeal allowed for statistical purposes and the revenue's appeal dismissed. en-us Mon, 09 Dec 2019 00:00:00 +0530 Thu, 08 Jul 2021 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296179 The Tribunal directed the A.O. to reexamine the allocation of head office expenses for units claiming exemption under Section 10A/10B, emphasizing the need to allocate only net expenses relevant to the total business. Certain companies were upheld to be rightfully excluded from comparables due to their scale and functional differences. The Tribunal also instructed the A.O. to grant the working capital adjustment for determining the arm's length price. The appeals were disposed of with the assessee's appeal allowed for statistical purposes and the revenue's appeal dismissed. Case-Laws Income Tax Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296179