https://www.taxtmi.com/caselaws?id=272956 The appeal was partly allowed, with the Tribunal directing the exclusion of certain comparable companies and upholding the inclusion of foreign exchange gains/losses in operating margins. The classification of inter-company receivables as international transactions was upheld, and the initiation of penalty proceedings and levy of interest were dismissed as premature or unsupported by specific arguments. en-us Thu, 11 May 2017 00:00:00 +0530 Mon, 28 May 2018 07:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272956 The appeal was partly allowed, with the Tribunal directing the exclusion of certain comparable companies and upholding the inclusion of foreign exchange gains/losses in operating margins. The classification of inter-company receivables as international transactions was upheld, and the initiation of penalty proceedings and levy of interest were dismissed as premature or unsupported by specific arguments. Case-Laws Income Tax Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272956