https://www.taxtmi.com/caselaws?id=288720 The Appellate Tribunal addressed issues related to the treatment of Foreign Exchange Gain as operating income, disallowance under section 14A, and Transfer Pricing. The tribunal directed the AO to reconsider the treatment of Foreign Exchange Gain in relation to turnover, remanded the disallowance under section 14A for fresh assessment, and instructed exclusion of certain comparables and working capital adjustment in Transfer Pricing. The appeal of the revenue was allowed for statistical purposes, and the appeal of the assessee was partly allowed for statistical purposes, with specific directions for each issue. en-us Fri, 05 May 2017 00:00:00 +0530 Thu, 25 Jun 2020 09:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288720 The Appellate Tribunal addressed issues related to the treatment of Foreign Exchange Gain as operating income, disallowance under section 14A, and Transfer Pricing. The tribunal directed the AO to reconsider the treatment of Foreign Exchange Gain in relation to turnover, remanded the disallowance under section 14A for fresh assessment, and instructed exclusion of certain comparables and working capital adjustment in Transfer Pricing. The appeal of the revenue was allowed for statistical purposes, and the appeal of the assessee was partly allowed for statistical purposes, with specific directions for each issue. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288720