https://www.taxtmi.com/caselaws?id=287876 The Tribunal allowed the appeal of the assessee in a transfer pricing case, directing the exclusion of certain adjustments and the inclusion of others. The Tribunal emphasized consistency in selecting comparables and adherence to statutory provisions, ultimately leading to the deletion of certain TP adjustments and potential elimination of others. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of export proceeds in Indian Rupees as foreign exchange, entitling the assessee to a deduction under section 10A. The issue of provision for obsolescence of stock was remanded for further verification and decision by the Assessing Officer. en-us Wed, 19 Apr 2017 00:00:00 +0530 Thu, 07 May 2020 09:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287876 The Tribunal allowed the appeal of the assessee in a transfer pricing case, directing the exclusion of certain adjustments and the inclusion of others. The Tribunal emphasized consistency in selecting comparables and adherence to statutory provisions, ultimately leading to the deletion of certain TP adjustments and potential elimination of others. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of export proceeds in Indian Rupees as foreign exchange, entitling the assessee to a deduction under section 10A. The issue of provision for obsolescence of stock was remanded for further verification and decision by the Assessing Officer. Case-Laws Income Tax Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287876