https://www.taxtmi.com/caselaws?id=186944 The Tribunal remitted the matter to the TPO for fresh consideration regarding the treatment of foreign exchange gain as operating income. The Tribunal directed the exclusion of functionally different comparable companies and pass-through costs from the cost base. It upheld the inclusion of unrealized foreign exchange gain in export turnover for deduction under section 10A and mandated the inclusion of realized foreign exchange gain in both total and export turnover calculations. The Tribunal's decisions were consistent across assessment years, partly allowing the assessee's appeals and dismissing the Revenue's appeals while providing detailed directions for further review. en-us Wed, 18 Nov 2015 00:00:00 +0530 Thu, 29 Dec 2016 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186944 The Tribunal remitted the matter to the TPO for fresh consideration regarding the treatment of foreign exchange gain as operating income. The Tribunal directed the exclusion of functionally different comparable companies and pass-through costs from the cost base. It upheld the inclusion of unrealized foreign exchange gain in export turnover for deduction under section 10A and mandated the inclusion of realized foreign exchange gain in both total and export turnover calculations. The Tribunal's decisions were consistent across assessment years, partly allowing the assessee's appeals and dismissing the Revenue's appeals while providing detailed directions for further review. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186944