https://www.taxtmi.com/caselaws?id=197818 The court ruled in favor of the Assessee on all issues. The provision for stock obsolescence was excluded from the net operating expenditure for determining the net operating margin as it was deemed abnormal and extraordinary. The international transactions between the Assessee and its associated enterprise were found to be at arm's length using the Transactional Net Margin Method. The court concluded that the provision for stock obsolescence was abnormal and extraordinary, justifying its exclusion from the operating margin calculation. Additionally, the court dismissed the argument that the Assessee gained any undue tax advantage through the provision for stock obsolescence. en-us Fri, 06 Nov 2015 00:00:00 +0530 Tue, 16 Jan 2018 16:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197818 The court ruled in favor of the Assessee on all issues. The provision for stock obsolescence was excluded from the net operating expenditure for determining the net operating margin as it was deemed abnormal and extraordinary. The international transactions between the Assessee and its associated enterprise were found to be at arm's length using the Transactional Net Margin Method. The court concluded that the provision for stock obsolescence was abnormal and extraordinary, justifying its exclusion from the operating margin calculation. Additionally, the court dismissed the argument that the Assessee gained any undue tax advantage through the provision for stock obsolescence. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197818