https://www.taxtmi.com/caselaws?id=282078 The revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld the exclusion of certain comparables based on turnover, rejected negative working capital adjustment, addressed selection and rejection of comparable companies for software and ITES segments, directed recomputation of net margins and treatment of specific expenses, held foreign exchange fluctuation as part of operating revenue, and noted the consequential nature of interest imposition under sections 234B and 234C. The initiation of penalty proceedings was deemed premature and required no adjudication at that stage. en-us Thu, 29 Nov 2018 00:00:00 +0530 Sat, 20 Jul 2019 07:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282078 The revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld the exclusion of certain comparables based on turnover, rejected negative working capital adjustment, addressed selection and rejection of comparable companies for software and ITES segments, directed recomputation of net margins and treatment of specific expenses, held foreign exchange fluctuation as part of operating revenue, and noted the consequential nature of interest imposition under sections 234B and 234C. The initiation of penalty proceedings was deemed premature and required no adjudication at that stage. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282078