https://www.taxtmi.com/caselaws?id=358527 The Tribunal partly allowed the appeal, directing the AO/TPO to reconsider certain adjustments and exclusions. The decisions were based on consistency with previous rulings and principles of natural justice. Specific directions were given regarding the treatment of retention bonus, exclusion of certain comparables, foreign exchange fluctuation, and working capital adjustment. The Tribunal upheld the treatment of recruitment and training expenses as necessary business expenditures and ruled in favor of treating the retention bonus as revenue expenditure. en-us Wed, 11 Apr 2018 00:00:00 +0530 Thu, 12 Apr 2018 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358527 The Tribunal partly allowed the appeal, directing the AO/TPO to reconsider certain adjustments and exclusions. The decisions were based on consistency with previous rulings and principles of natural justice. Specific directions were given regarding the treatment of retention bonus, exclusion of certain comparables, foreign exchange fluctuation, and working capital adjustment. The Tribunal upheld the treatment of recruitment and training expenses as necessary business expenditures and ruled in favor of treating the retention bonus as revenue expenditure. Case-Laws Income Tax Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358527