https://www.taxtmi.com/caselaws?id=461250 The ITAT Mumbai upheld CIT(A)'s direction to exclude telecommunication charges from both export turnover and total turnover for section 10A deduction computation, following SC precedent in HCL Computer Technologies. The tribunal allowed revised long-term capital gains computation based on actual sale consideration, emphasizing that only real income can be taxed per SC ruling in Shoorji Vallabhdas. Interest under section 244A on refund from excess self-assessment tax was granted. In transfer pricing matters, the tribunal upheld CIT(A)'s exclusion of several companies as comparables due to high related party transactions and other factors, while allowing depreciation and working capital adjustments. Employee secondment disallowance was confirmed following precedent. en-us Mon, 13 Nov 2023 00:00:00 +0530 Mon, 24 Mar 2025 19:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461250 The ITAT Mumbai upheld CIT(A)'s direction to exclude telecommunication charges from both export turnover and total turnover for section 10A deduction computation, following SC precedent in HCL Computer Technologies. The tribunal allowed revised long-term capital gains computation based on actual sale consideration, emphasizing that only real income can be taxed per SC ruling in Shoorji Vallabhdas. Interest under section 244A on refund from excess self-assessment tax was granted. In transfer pricing matters, the tribunal upheld CIT(A)'s exclusion of several companies as comparables due to high related party transactions and other factors, while allowing depreciation and working capital adjustments. Employee secondment disallowance was confirmed following precedent. Case-Laws Income Tax Mon, 13 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461250