https://www.taxtmi.com/caselaws?id=265209 The Tribunal partly allowed both the assessee and Revenue's appeals. It directed the AO/TPO to re-examine the working capital adjustment and apply the turnover filter correctly. The inclusion of foreign exchange gain as part of operating revenue was upheld, and certain comparables were excluded based on comparability criteria. The Tribunal emphasized the correct determination of Arm's Length Price in international transactions, leading to the exclusion of specific companies from the list of comparables. en-us Fri, 04 Sep 2015 00:00:00 +0530 Thu, 08 Oct 2015 07:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265209 The Tribunal partly allowed both the assessee and Revenue's appeals. It directed the AO/TPO to re-examine the working capital adjustment and apply the turnover filter correctly. The inclusion of foreign exchange gain as part of operating revenue was upheld, and certain comparables were excluded based on comparability criteria. The Tribunal emphasized the correct determination of Arm's Length Price in international transactions, leading to the exclusion of specific companies from the list of comparables. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265209