https://www.taxtmi.com/caselaws?id=285192 The Tribunal partly allowed the Revenue's appeal and the assessee's appeal for statistical purposes. It upheld the exclusion of certain comparables based on turnover filter and foreign exchange gain/loss as operating in nature. The Tribunal agreed with the assessee on the exclusion of certain companies as comparables and the treatment of rental income/expenditure in PLI calculation. It directed reevaluation on risk adjustment, exclusion of ICRA Online Ltd., and working capital adjustment. The Tribunal also instructed the AO to verify corporate tax grounds related to rental income. The issue of interest levy was deemed consequential. en-us Fri, 22 Jan 2016 00:00:00 +0530 Fri, 03 Jan 2020 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285192 The Tribunal partly allowed the Revenue's appeal and the assessee's appeal for statistical purposes. It upheld the exclusion of certain comparables based on turnover filter and foreign exchange gain/loss as operating in nature. The Tribunal agreed with the assessee on the exclusion of certain companies as comparables and the treatment of rental income/expenditure in PLI calculation. It directed reevaluation on risk adjustment, exclusion of ICRA Online Ltd., and working capital adjustment. The Tribunal also instructed the AO to verify corporate tax grounds related to rental income. The issue of interest levy was deemed consequential. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285192