https://www.taxtmi.com/caselaws?id=285567 The Tribunal upheld the Dispute Resolution Panel's decisions to exclude certain comparables for determining the Arm's Length Price in the software segment, treat foreign exchange gain/loss as operating revenue, and calculate working capital adjustment without a cap. It also upheld the deletion of the addition under section 40A(7) for gratuity fund contributions. However, the Tribunal upheld the disallowance under section 14A read with Rule 8D for expenses related to earning exempt income. The appeal of the Revenue and the cross-objection of the assessee were partly allowed. en-us Wed, 26 Jul 2017 00:00:00 +0530 Sat, 18 Jan 2020 10:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285567 The Tribunal upheld the Dispute Resolution Panel's decisions to exclude certain comparables for determining the Arm's Length Price in the software segment, treat foreign exchange gain/loss as operating revenue, and calculate working capital adjustment without a cap. It also upheld the deletion of the addition under section 40A(7) for gratuity fund contributions. However, the Tribunal upheld the disallowance under section 14A read with Rule 8D for expenses related to earning exempt income. The appeal of the Revenue and the cross-objection of the assessee were partly allowed. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285567