https://www.taxtmi.com/caselaws?id=302140 The Court upheld the Tribunal's decision regarding the interpretation of Section 10A for deduction calculation, emphasizing that expenses excluded from export turnover must also be excluded from total turnover. The Tribunal's direction to include previously excluded comparables was supported, stressing the importance of functional similarity in such assessments. The Tribunal's directive on working capital adjustments was justified based on the Assessee's lack of working capital risk. The Court affirmed the necessity of economic adjustments between tested parties and comparables. Appeals challenging comparables selection or filters application were deemed insufficient under Section 260-A, requiring substantial legal questions for validity. en-us Thu, 05 Jul 2018 00:00:00 +0530 Fri, 06 May 2022 16:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302140 The Court upheld the Tribunal's decision regarding the interpretation of Section 10A for deduction calculation, emphasizing that expenses excluded from export turnover must also be excluded from total turnover. The Tribunal's direction to include previously excluded comparables was supported, stressing the importance of functional similarity in such assessments. The Tribunal's directive on working capital adjustments was justified based on the Assessee's lack of working capital risk. The Court affirmed the necessity of economic adjustments between tested parties and comparables. Appeals challenging comparables selection or filters application were deemed insufficient under Section 260-A, requiring substantial legal questions for validity. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302140