https://www.taxtmi.com/caselaws?id=381401 The Tribunal allowed the assessee's appeal partially, directing the inclusion of forex gain/loss as an item of operating revenue/cost. The Tribunal vacated an order regarding the determination of NIL ALP for management fees, restoring the position as per the assessment order. It upheld the grant of a +/-5% benefit in determining the ALP for international transactions and ruled that the exclusion of additional companies as comparables would not impact profit margins significantly. The Tribunal remitted the matter back for a fresh determination of the ALP of the international transaction of the Trading segment. en-us Fri, 07 Jun 2019 00:00:00 +0530 Mon, 10 Jun 2019 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381401 The Tribunal allowed the assessee's appeal partially, directing the inclusion of forex gain/loss as an item of operating revenue/cost. The Tribunal vacated an order regarding the determination of NIL ALP for management fees, restoring the position as per the assessment order. It upheld the grant of a +/-5% benefit in determining the ALP for international transactions and ruled that the exclusion of additional companies as comparables would not impact profit margins significantly. The Tribunal remitted the matter back for a fresh determination of the ALP of the international transaction of the Trading segment. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381401