https://www.taxtmi.com/caselaws?id=298700 The Supreme Court ruled that expenses excluded from export turnover must also be excluded from total turnover for computing deductions under section 10A of the Income Tax Act to align with legislative intent. Regarding Transfer Pricing adjustments and selection of comparables, the High Court emphasized that appeals under section 260A are not maintainable unless there is evident perversity in the Tribunal's findings. The Court dismissed the Revenue's appeal, stressing the importance of consistent application of parameters in such cases. en-us Thu, 05 Jul 2018 00:00:00 +0530 Tue, 16 Nov 2021 09:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298700 The Supreme Court ruled that expenses excluded from export turnover must also be excluded from total turnover for computing deductions under section 10A of the Income Tax Act to align with legislative intent. Regarding Transfer Pricing adjustments and selection of comparables, the High Court emphasized that appeals under section 260A are not maintainable unless there is evident perversity in the Tribunal's findings. The Court dismissed the Revenue's appeal, stressing the importance of consistent application of parameters in such cases. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298700