https://www.taxtmi.com/caselaws?id=306090 The High Court upheld the Tribunal's decision to exclude M/s. Bodhtree Consulting Ltd. as a comparable for determining the Arm's Length Price due to fundamental differences in their profiles. The Court did not address the issues regarding foreign exchange gain and expenditure incurred in foreign exchange for deduction under section 10A of the Act, as these had been previously dismissed in appeals of the same assessee. The Court also did not delve into the ITAT's reliance on the Bombay High Court's decision of Gem Plus Jewellery, focusing solely on the comparability issue in the present appeal. en-us Mon, 18 Mar 2019 00:00:00 +0530 Mon, 09 Jan 2023 20:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306090 The High Court upheld the Tribunal's decision to exclude M/s. Bodhtree Consulting Ltd. as a comparable for determining the Arm's Length Price due to fundamental differences in their profiles. The Court did not address the issues regarding foreign exchange gain and expenditure incurred in foreign exchange for deduction under section 10A of the Act, as these had been previously dismissed in appeals of the same assessee. The Court also did not delve into the ITAT's reliance on the Bombay High Court's decision of Gem Plus Jewellery, focusing solely on the comparability issue in the present appeal. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306090