https://www.taxtmi.com/caselaws?id=374187 The Tribunal allowed the appeal of the assessee by directing the exclusion of Universal Print Systems Limited and Excel Infoways Limited from the list of comparables. It also instructed treating foreign exchange gain/loss as part of operating income and allowing risk adjustment for differences in functional and risk profiles between comparable companies and the assessee. Other grounds of appeal became academic following the resolution of primary issues. en-us Mon, 21 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 07:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374187 The Tribunal allowed the appeal of the assessee by directing the exclusion of Universal Print Systems Limited and Excel Infoways Limited from the list of comparables. It also instructed treating foreign exchange gain/loss as part of operating income and allowing risk adjustment for differences in functional and risk profiles between comparable companies and the assessee. Other grounds of appeal became academic following the resolution of primary issues. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374187