https://www.taxtmi.com/caselaws?id=310715 ITAT Bangalore confirmed DRP's decision on Section 10A deduction computation, following Karnataka HC precedent that expenses excluded from export turnover must also be excluded from total turnover calculation. Revenue's appeal failed. In transfer pricing matters, tribunal excluded functionally different comparables (ICRA Techno Analytics, Infosys Technologies, Kals Information Systems, Tata Elxsi) but included R S Software and Persistent Systems as appropriate comparables for software development services. Donation was classified as non-operating expense following Capital One Services precedent. Risk adjustment issue was remitted back to TPO/AO for fresh adjudication with proper establishment of risk factors by assessee. en-us Tue, 21 Mar 2017 00:00:00 +0530 Thu, 09 Nov 2023 08:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310715 ITAT Bangalore confirmed DRP's decision on Section 10A deduction computation, following Karnataka HC precedent that expenses excluded from export turnover must also be excluded from total turnover calculation. Revenue's appeal failed. In transfer pricing matters, tribunal excluded functionally different comparables (ICRA Techno Analytics, Infosys Technologies, Kals Information Systems, Tata Elxsi) but included R S Software and Persistent Systems as appropriate comparables for software development services. Donation was classified as non-operating expense following Capital One Services precedent. Risk adjustment issue was remitted back to TPO/AO for fresh adjudication with proper establishment of risk factors by assessee. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310715