https://www.taxtmi.com/caselaws?id=200700 The Court dismissed the Revenue's appeal challenging the ITAT's decision on additions made by the TPO for the Assessment Year 2010-11. The ITAT's ruling in favor of the Assessee regarding the correctness of ALP adjustments was upheld, emphasizing the importance of comparability analysis. The Court found no substantial question of law in the rejection and acceptance of comparables by the ITAT. Additionally, decisions favoring the Assessee on foreign exchange fluctuation loss and interest rate adjustments were supported by legal precedents, leading to the overall dismissal of the appeal. en-us Fri, 27 May 2016 00:00:00 +0530 Sat, 14 Apr 2018 07:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200700 The Court dismissed the Revenue's appeal challenging the ITAT's decision on additions made by the TPO for the Assessment Year 2010-11. The ITAT's ruling in favor of the Assessee regarding the correctness of ALP adjustments was upheld, emphasizing the importance of comparability analysis. The Court found no substantial question of law in the rejection and acceptance of comparables by the ITAT. Additionally, decisions favoring the Assessee on foreign exchange fluctuation loss and interest rate adjustments were supported by legal precedents, leading to the overall dismissal of the appeal. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200700