https://www.taxtmi.com/caselaws?id=197031 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal in a transfer pricing case. The Tribunal emphasized the importance of functional comparability, risk adjustments, and the treatment of foreign exchange gains/losses. It directed the exclusion of certain comparables, upheld the treatment of foreign exchange gains/losses as operating expenditure, and revised the transfer pricing adjustment after considering Dispute Resolution Panel's directions. The Tribunal highlighted the need for thorough analysis of comparables based on their functional profiles and upheld adjustments based on risk profiles and operating expenditures. en-us Wed, 07 Jun 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197031 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal in a transfer pricing case. The Tribunal emphasized the importance of functional comparability, risk adjustments, and the treatment of foreign exchange gains/losses. It directed the exclusion of certain comparables, upheld the treatment of foreign exchange gains/losses as operating expenditure, and revised the transfer pricing adjustment after considering Dispute Resolution Panel's directions. The Tribunal highlighted the need for thorough analysis of comparables based on their functional profiles and upheld adjustments based on risk profiles and operating expenditures. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197031