https://www.taxtmi.com/caselaws?id=363173 The Court upheld the exclusion of M/s. Bodhtree Consulting Ltd. as a comparable in a Transfer Pricing case, finding no perversity in the Tribunal's decision. It ordered a factual examination of Related Party Transactions (RPT) for M/s. SIP Technologies & Export Ltd., in line with prior cases, due to discrepancies in RPT information. The Court agreed with treating foreign exchange gain as part of operating revenues for software development services, dismissing the appeal by the Appellants-Revenue as no substantial question of law arose. en-us Fri, 29 Jun 2018 00:00:00 +0530 Fri, 06 Jul 2018 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363173 The Court upheld the exclusion of M/s. Bodhtree Consulting Ltd. as a comparable in a Transfer Pricing case, finding no perversity in the Tribunal's decision. It ordered a factual examination of Related Party Transactions (RPT) for M/s. SIP Technologies & Export Ltd., in line with prior cases, due to discrepancies in RPT information. The Court agreed with treating foreign exchange gain as part of operating revenues for software development services, dismissing the appeal by the Appellants-Revenue as no substantial question of law arose. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363173