https://www.taxtmi.com/caselaws?id=240236 The Tribunal upheld the Tax Officer's adjustments based on current year data, dismissing the assessee's plea for using multiple years' data. Saket Projects Limited was excluded as a comparable due to its involvement in event management. The Tribunal directed the TPO to exclude miscellaneous income in TNMM calculation if not operational. Profit overstatement by Educational Consultants (P) Ltd. was adjusted. The Tribunal supported the inclusion of foreign exchange fluctuation income and depreciation rate on computer peripherals. The Tribunal dismissed various pleas by the assessee regarding comparables and application of statutory provisions. en-us Fri, 22 Nov 2013 00:00:00 +0530 Sat, 28 Mar 2015 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240236 The Tribunal upheld the Tax Officer's adjustments based on current year data, dismissing the assessee's plea for using multiple years' data. Saket Projects Limited was excluded as a comparable due to its involvement in event management. The Tribunal directed the TPO to exclude miscellaneous income in TNMM calculation if not operational. Profit overstatement by Educational Consultants (P) Ltd. was adjusted. The Tribunal supported the inclusion of foreign exchange fluctuation income and depreciation rate on computer peripherals. The Tribunal dismissed various pleas by the assessee regarding comparables and application of statutory provisions. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240236