https://www.taxtmi.com/caselaws?id=265670 The Tribunal upheld the TPO's jurisdiction and order under Section 92CA, rejected the assessee's benchmarking analysis, approved the use of single-year data for comparables, excluded specific companies from the list of comparables due to functional differences, upheld the exclusion of foreign exchange fluctuation in operating margin computation, rejected further margin adjustments for working capital and risk differentials, directed exclusion of data communication expenses from export turnover for Section 10A deduction, and upheld the computation of interest under Sections 234B, 234C, and 234D. The Tribunal partially allowed the appeal, modifying the list of comparables and adjustments for Section 10A deduction and interest computation. en-us Mon, 07 Sep 2015 00:00:00 +0530 Sat, 31 Aug 2019 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265670 The Tribunal upheld the TPO's jurisdiction and order under Section 92CA, rejected the assessee's benchmarking analysis, approved the use of single-year data for comparables, excluded specific companies from the list of comparables due to functional differences, upheld the exclusion of foreign exchange fluctuation in operating margin computation, rejected further margin adjustments for working capital and risk differentials, directed exclusion of data communication expenses from export turnover for Section 10A deduction, and upheld the computation of interest under Sections 234B, 234C, and 234D. The Tribunal partially allowed the appeal, modifying the list of comparables and adjustments for Section 10A deduction and interest computation. Case-Laws Income Tax Mon, 07 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265670