https://www.taxtmi.com/caselaws?id=270806 The appeal of the assessee was allowed for statistical purposes, with specific directions to exclude certain comparables and treat foreign exchange gain/loss as an operating item. The AO was also directed to exclude transfer pricing adjustment from the book profits computed under Section 115JB. The issue regarding the denial of standard deduction benefit under Section 92C(2) and the initiation of penalty proceedings under Section 271(1)(c) were not explicitly addressed in the provided text. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 16 Jan 2016 07:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270806 The appeal of the assessee was allowed for statistical purposes, with specific directions to exclude certain comparables and treat foreign exchange gain/loss as an operating item. The AO was also directed to exclude transfer pricing adjustment from the book profits computed under Section 115JB. The issue regarding the denial of standard deduction benefit under Section 92C(2) and the initiation of penalty proceedings under Section 271(1)(c) were not explicitly addressed in the provided text. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270806