https://www.taxtmi.com/caselaws?id=210213 The case involved various issues including the treatment of operating expenditure, rejection of comparables, extraordinary expenditures, and setting off of losses and depreciation. The CIT(A) concluded that abnormal expenditure should be ignored for profit level indicator (PLI) computation, rejected inappropriate comparables identified by the TPO, and directed reevaluation of adjustments for transfer pricing. The appeals were partly allowed with specific directions for reconsideration and adjustments. en-us Thu, 30 Jun 2011 00:00:00 +0530 Tue, 27 Dec 2011 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210213 The case involved various issues including the treatment of operating expenditure, rejection of comparables, extraordinary expenditures, and setting off of losses and depreciation. The CIT(A) concluded that abnormal expenditure should be ignored for profit level indicator (PLI) computation, rejected inappropriate comparables identified by the TPO, and directed reevaluation of adjustments for transfer pricing. The appeals were partly allowed with specific directions for reconsideration and adjustments. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210213