https://www.taxtmi.com/caselaws?id=252967 The appeal was allowed by the Tribunal. The disallowance of unrealized loss on commodity derivatives was overturned, emphasizing the principle of conservatism in accounting for anticipated losses. The matter was remanded back to the Assessing Officer for verification purposes. Additionally, the determination of the arm's length price for international management services transactions was challenged successfully, with the Tribunal directing the deletion of the adjustment made by the Transfer Pricing Officer. en-us Mon, 13 Oct 2014 00:00:00 +0530 Mon, 10 Nov 2014 06:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252967 The appeal was allowed by the Tribunal. The disallowance of unrealized loss on commodity derivatives was overturned, emphasizing the principle of conservatism in accounting for anticipated losses. The matter was remanded back to the Assessing Officer for verification purposes. Additionally, the determination of the arm's length price for international management services transactions was challenged successfully, with the Tribunal directing the deletion of the adjustment made by the Transfer Pricing Officer. Case-Laws Income Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252967