https://www.taxtmi.com/caselaws?id=254038 The Tribunal upheld the treatment of foreign exchange fluctuation as operating in nature, rejected certain comparable companies accepted by the assessee, directed reconsideration of specific companies as comparables, allowed the disallowance of management service charges to associated enterprises to be reconsidered with evidence, adjusted the value of transactions with AEs based on segregated figures, and included miscellaneous income and provisions written back as operating income. The appeal by the assessee was allowed for statistical purposes, and the cross-appeal by the Revenue was dismissed, with directions for reconsideration of specific issues by the AO/TPO. en-us Fri, 19 Sep 2014 00:00:00 +0530 Thu, 11 Dec 2014 06:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254038 The Tribunal upheld the treatment of foreign exchange fluctuation as operating in nature, rejected certain comparable companies accepted by the assessee, directed reconsideration of specific companies as comparables, allowed the disallowance of management service charges to associated enterprises to be reconsidered with evidence, adjusted the value of transactions with AEs based on segregated figures, and included miscellaneous income and provisions written back as operating income. The appeal by the assessee was allowed for statistical purposes, and the cross-appeal by the Revenue was dismissed, with directions for reconsideration of specific issues by the AO/TPO. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254038