https://www.taxtmi.com/caselaws?id=196216 The Tribunal partly allowed the assessee's appeals for AY 2011-12 and 2012-13, directing the exclusion of non-comparable companies and treating foreign exchange gain/loss as operating income. The Revenue's appeal for AY 2011-12 was dismissed, upholding the exclusion of a company due to significant changes post-acquisition. The AO/TPO was instructed to re-compute the ALP accordingly. en-us Thu, 25 May 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196216 The Tribunal partly allowed the assessee's appeals for AY 2011-12 and 2012-13, directing the exclusion of non-comparable companies and treating foreign exchange gain/loss as operating income. The Revenue's appeal for AY 2011-12 was dismissed, upholding the exclusion of a company due to significant changes post-acquisition. The AO/TPO was instructed to re-compute the ALP accordingly. Case-Laws Income Tax Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196216