https://www.taxtmi.com/caselaws?id=274098 The Tribunal partly allowed the Revenue's appeal against the AO's order for the A.Y. 2011-2012 under the Income Tax Act, 1961. The case involved challenges related to the ALP determination for international transactions, selection of comparables, treatment of forward contracts, and working capital adjustment methodologies. The DRP granted relief to the assessee by excluding certain companies as comparables based on functional dissimilarities. The Tribunal upheld the DRP's decision on working capital adjustments, supporting the use of PLR over the base rate. en-us Fri, 07 Jul 2017 00:00:00 +0530 Sun, 29 Jul 2018 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274098 The Tribunal partly allowed the Revenue's appeal against the AO's order for the A.Y. 2011-2012 under the Income Tax Act, 1961. The case involved challenges related to the ALP determination for international transactions, selection of comparables, treatment of forward contracts, and working capital adjustment methodologies. The DRP granted relief to the assessee by excluding certain companies as comparables based on functional dissimilarities. The Tribunal upheld the DRP's decision on working capital adjustments, supporting the use of PLR over the base rate. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274098