https://www.taxtmi.com/caselaws?id=242636 The Tribunal allowed the appeal, ruling in favor of the assessee and ordering corrections to the assessment order. Errors in revising the Arms Length Price, consideration of internal comparables, adjustments to operating costs, treatment of outstanding derivative contracts, adjustment of brought forward losses, and exclusion of extraordinary items in PLI computation were rectified. The Tribunal emphasized the importance of accurate computations in Transfer Pricing Appeals under the Income-tax Act, 1961, leading to the deletion of the entire ALP adjustment made by the assessing authority. en-us Mon, 17 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242636 The Tribunal allowed the appeal, ruling in favor of the assessee and ordering corrections to the assessment order. Errors in revising the Arms Length Price, consideration of internal comparables, adjustments to operating costs, treatment of outstanding derivative contracts, adjustment of brought forward losses, and exclusion of extraordinary items in PLI computation were rectified. The Tribunal emphasized the importance of accurate computations in Transfer Pricing Appeals under the Income-tax Act, 1961, leading to the deletion of the entire ALP adjustment made by the assessing authority. Case-Laws Income Tax Mon, 17 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242636