https://www.taxtmi.com/caselaws?id=345313 The Tribunal dismissed the assessee's appeal, upholding the TPO's rejection of transfer pricing documentation and determination of Arm's Length Price (ALP) using internal TNMM. The Tribunal rejected claims of extraordinary loss due to forward contract cancellation, working capital adjustment, and forward market price as ALP. It directed verification of foreign exchange gain/loss details. The revenue's appeal on belated remittance of PF/ESI was not extensively addressed. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 13 Jul 2017 07:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345313 The Tribunal dismissed the assessee's appeal, upholding the TPO's rejection of transfer pricing documentation and determination of Arm's Length Price (ALP) using internal TNMM. The Tribunal rejected claims of extraordinary loss due to forward contract cancellation, working capital adjustment, and forward market price as ALP. It directed verification of foreign exchange gain/loss details. The revenue's appeal on belated remittance of PF/ESI was not extensively addressed. Case-Laws Income Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345313