https://www.taxtmi.com/caselaws?id=381067 The Tribunal allowed the assessee's appeal regarding the working capital adjustment, citing provisions allowing such adjustments in transfer pricing. The Tribunal directed the Assessing Officer to verify the adjustment's computation. The Revenue's challenge on the exclusion of comparables was upheld as the assessee did not contest it. The inclusion of unutilized MODVAT credit in closing stock was affirmed based on a previous decision. The Tribunal partially allowed both the Revenue's appeal and the assessee's cross objection, addressing the issues thoroughly. en-us Fri, 31 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381067 The Tribunal allowed the assessee's appeal regarding the working capital adjustment, citing provisions allowing such adjustments in transfer pricing. The Tribunal directed the Assessing Officer to verify the adjustment's computation. The Revenue's challenge on the exclusion of comparables was upheld as the assessee did not contest it. The inclusion of unutilized MODVAT credit in closing stock was affirmed based on a previous decision. The Tribunal partially allowed both the Revenue's appeal and the assessee's cross objection, addressing the issues thoroughly. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381067