https://www.taxtmi.com/caselaws?id=275349 The Tribunal allowed the taxpayer's appeal, directing the Transfer Pricing Officer to re-examine working capital and risk adjustments, treat forex gains/losses as operating items, and exclude six comparables. The Tribunal ruled in favor of the taxpayer on the deferred revenue issue, stating it should be taxed when services are rendered, not in the current year. Penalty proceedings and interest levies were not addressed specifically. en-us Mon, 22 Jan 2018 00:00:00 +0530 Fri, 28 Sep 2018 07:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275349 The Tribunal allowed the taxpayer's appeal, directing the Transfer Pricing Officer to re-examine working capital and risk adjustments, treat forex gains/losses as operating items, and exclude six comparables. The Tribunal ruled in favor of the taxpayer on the deferred revenue issue, stating it should be taxed when services are rendered, not in the current year. Penalty proceedings and interest levies were not addressed specifically. Case-Laws Income Tax Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275349