https://www.taxtmi.com/caselaws?id=284297 The Tribunal dismissed the revenue's appeal regarding the exclusion of foreign currency expenditure from both export and total turnover and upheld the exclusion of certain companies from the list of comparables based on functional dissimilarity. The appeal filed by the revenue was partly allowed, and the Cross Objection (C.O.) was dismissed. The Transfer Pricing Officer's adjustments were upheld with the direction to recompute the Arm's Length Price after excluding the specified companies and considering risk and working capital adjustments. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 11 Nov 2019 15:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284297 The Tribunal dismissed the revenue's appeal regarding the exclusion of foreign currency expenditure from both export and total turnover and upheld the exclusion of certain companies from the list of comparables based on functional dissimilarity. The appeal filed by the revenue was partly allowed, and the Cross Objection (C.O.) was dismissed. The Transfer Pricing Officer's adjustments were upheld with the direction to recompute the Arm's Length Price after excluding the specified companies and considering risk and working capital adjustments. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284297