https://www.taxtmi.com/caselaws?id=199463 The ITAT upheld the CIT(A)'s orders for Assessment Years 2007-08 and 2008-09, dismissing the Revenue's appeals. The key reasons included the incorrect re-characterization of the assessee by the TPO, improper inclusion of FOB value in operating cost, and higher margins of the assessee compared to comparables. The ITAT relied on previous decisions to support its conclusions. The appeals were dismissed, and the CIT(A)'s orders were upheld. en-us Fri, 18 Aug 2017 00:00:00 +0530 Thu, 01 Mar 2018 07:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199463 The ITAT upheld the CIT(A)'s orders for Assessment Years 2007-08 and 2008-09, dismissing the Revenue's appeals. The key reasons included the incorrect re-characterization of the assessee by the TPO, improper inclusion of FOB value in operating cost, and higher margins of the assessee compared to comparables. The ITAT relied on previous decisions to support its conclusions. The appeals were dismissed, and the CIT(A)'s orders were upheld. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199463