https://www.taxtmi.com/caselaws?id=306482 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal, remanding certain issues for fresh consideration by the AO. The Tribunal upheld the deletion of addition on account of Sales Tax exemptions as capital receipts, excluded functionally incomparable companies, supported the allocation of unallocable expenses proportionately, and directed the exclusion of specific companies in determining the Arm's Length Price of Software Development segments due to functional differences. The decisions were based on detailed analysis and previous Tribunal orders. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 03 Feb 2023 06:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306482 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal, remanding certain issues for fresh consideration by the AO. The Tribunal upheld the deletion of addition on account of Sales Tax exemptions as capital receipts, excluded functionally incomparable companies, supported the allocation of unallocable expenses proportionately, and directed the exclusion of specific companies in determining the Arm's Length Price of Software Development segments due to functional differences. The decisions were based on detailed analysis and previous Tribunal orders. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306482