https://www.taxtmi.com/caselaws?id=468168 Profits of an eligible unit under section 10A must be excluded at the stage of computation itself, so losses of another eligible unit are not set off against those profits before the deduction is worked out; the Tribunal applied binding jurisdictional precedent and upheld the assessee's position on this issue. In transfer pricing analysis, turnover alone was held not to be a decisive ground for excluding comparables, because comparable selection must rest on an objective assessment rather than an arbitrary size-based cap; on this point, the exclusion of high-turnover companies was rejected. en-us Fri, 26 Aug 2016 00:00:00 +0530 Mon, 20 Apr 2026 11:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468168 Profits of an eligible unit under section 10A must be excluded at the stage of computation itself, so losses of another eligible unit are not set off against those profits before the deduction is worked out; the Tribunal applied binding jurisdictional precedent and upheld the assessee's position on this issue. In transfer pricing analysis, turnover alone was held not to be a decisive ground for excluding comparables, because comparable selection must rest on an objective assessment rather than an arbitrary size-based cap; on this point, the exclusion of high-turnover companies was rejected. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468168