https://www.taxtmi.com/caselaws?id=198091 The case involved issues concerning the selection of comparables for benchmarking transactions involving investment advisory services, adjustment on account of interest on outstanding receivables, and treatment of foreign exchange gain/loss as operating in nature. The ITAT partly allowed all three appeals of the assessee, directing the exclusion of specific comparables, recalculation of interest on receivables, and treatment of foreign exchange gain/loss as operating in nature. The Assessing Officer/TPO was instructed to verify the working of the assessee and provide an opportunity before finalizing the margins. en-us Mon, 04 Sep 2017 00:00:00 +0530 Mon, 22 Jan 2018 17:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198091 The case involved issues concerning the selection of comparables for benchmarking transactions involving investment advisory services, adjustment on account of interest on outstanding receivables, and treatment of foreign exchange gain/loss as operating in nature. The ITAT partly allowed all three appeals of the assessee, directing the exclusion of specific comparables, recalculation of interest on receivables, and treatment of foreign exchange gain/loss as operating in nature. The Assessing Officer/TPO was instructed to verify the working of the assessee and provide an opportunity before finalizing the margins. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198091