https://www.taxtmi.com/caselaws?id=383285 The Tribunal partly allowed the appeal, upholding the rejection of certain transfer pricing documentation and adjustments made by the TPO. Significant relief was granted regarding the exclusion of E Clerx Services Ltd from comparables, computation of operating margins, allowance of ESOP and ESPP expenses, and recognition of unrealized hedging losses. The Tribunal directed the computation of interest on outstanding receivables and provided consequential relief for interest imposed under Section 234B. The issue of penalty under Section 271(1)(c) was deemed premature and not yet imposed. en-us Wed, 17 Jul 2019 00:00:00 +0530 Fri, 19 Jul 2019 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383285 The Tribunal partly allowed the appeal, upholding the rejection of certain transfer pricing documentation and adjustments made by the TPO. Significant relief was granted regarding the exclusion of E Clerx Services Ltd from comparables, computation of operating margins, allowance of ESOP and ESPP expenses, and recognition of unrealized hedging losses. The Tribunal directed the computation of interest on outstanding receivables and provided consequential relief for interest imposed under Section 234B. The issue of penalty under Section 271(1)(c) was deemed premature and not yet imposed. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383285