https://www.taxtmi.com/caselaws?id=260318 The Tribunal upheld the Ld. CIT(A)'s decision to eliminate the provision for stock obsolescence/non-moving inventory from the assessee's financial statements to ensure comparability with other companies in a transfer pricing analysis. The Tribunal found the provision abnormal and extraordinary, excluding it for computing operating margins. Relying on precedent and the principle of making suitable adjustments for comparability, the Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s order. en-us Wed, 25 Mar 2015 00:00:00 +0530 Thu, 04 Aug 2022 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260318 The Tribunal upheld the Ld. CIT(A)'s decision to eliminate the provision for stock obsolescence/non-moving inventory from the assessee's financial statements to ensure comparability with other companies in a transfer pricing analysis. The Tribunal found the provision abnormal and extraordinary, excluding it for computing operating margins. Relying on precedent and the principle of making suitable adjustments for comparability, the Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s order. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260318