https://www.taxtmi.com/caselaws?id=276113 The Tribunal partly allowed the appeal, directing the Assessing Officer to recompute book profits and transfer pricing adjustments in accordance with established legal principles and the Tribunal's findings. The Tribunal remitted the computation of book profits back to the AO for fresh assessment, emphasizing adherence to principles outlined in a previous case. Transfer pricing issues were addressed, including the acceptance and rejection of comparable companies based on functional comparability, turnover filters, and the treatment of foreign exchange gains/losses. The Tribunal upheld the application of net profit rate solely to transactions with associated enterprises, not unrelated third parties. en-us Thu, 10 May 2018 00:00:00 +0530 Tue, 30 Oct 2018 09:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276113 The Tribunal partly allowed the appeal, directing the Assessing Officer to recompute book profits and transfer pricing adjustments in accordance with established legal principles and the Tribunal's findings. The Tribunal remitted the computation of book profits back to the AO for fresh assessment, emphasizing adherence to principles outlined in a previous case. Transfer pricing issues were addressed, including the acceptance and rejection of comparable companies based on functional comparability, turnover filters, and the treatment of foreign exchange gains/losses. The Tribunal upheld the application of net profit rate solely to transactions with associated enterprises, not unrelated third parties. Case-Laws Income Tax Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276113