https://www.taxtmi.com/caselaws?id=215645 The court allowed the revenue's appeal on the treatment of interest income for fresh assessment to determine its exact nature. The deletion of the addition made by the A.O. for transfer pricing adjustments was upheld by the court based on revised calculations and exclusion of specific comparables with abnormally high margins. The inclusion of exchange difference in the operating cost was rectified, leading to the dismissal of the revenue's appeal on this ground. The Cross Objection by the assessee on transfer pricing adjustments was dismissed. Overall, the revenue's appeal was partly allowed, and the Cross Objection was dismissed. en-us Wed, 20 Jun 2012 00:00:00 +0530 Thu, 09 Aug 2012 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215645 The court allowed the revenue's appeal on the treatment of interest income for fresh assessment to determine its exact nature. The deletion of the addition made by the A.O. for transfer pricing adjustments was upheld by the court based on revised calculations and exclusion of specific comparables with abnormally high margins. The inclusion of exchange difference in the operating cost was rectified, leading to the dismissal of the revenue's appeal on this ground. The Cross Objection by the assessee on transfer pricing adjustments was dismissed. Overall, the revenue's appeal was partly allowed, and the Cross Objection was dismissed. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215645