https://www.taxtmi.com/caselaws?id=310977 Karnataka HC dismissed revenue's appeals in income tax matters involving Section 10A deduction computation and transfer pricing adjustments. The court held that lease line and interest expenses must be excluded from both export turnover and total turnover for Section 10A calculations, following SC precedent in HCL Technologies Ltd. Regarding transfer pricing, the court found no substantial question of law arising from tribunal's comparable selection decisions, citing its earlier ruling in Softbrands India Pvt. Ltd. The court clarified that mere dissatisfaction with tribunal's factual findings cannot invoke Section 260-A appeals. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 29 Nov 2023 20:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310977 Karnataka HC dismissed revenue's appeals in income tax matters involving Section 10A deduction computation and transfer pricing adjustments. The court held that lease line and interest expenses must be excluded from both export turnover and total turnover for Section 10A calculations, following SC precedent in HCL Technologies Ltd. Regarding transfer pricing, the court found no substantial question of law arising from tribunal's comparable selection decisions, citing its earlier ruling in Softbrands India Pvt. Ltd. The court clarified that mere dissatisfaction with tribunal's factual findings cannot invoke Section 260-A appeals. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310977