https://www.taxtmi.com/caselaws?id=398799 The Tribunal partly allowed the appeals by directing the TPO to exclude Infosys from the list of comparables for Transfer Pricing analysis. Additionally, the Tribunal instructed to adjust segmental results by excluding non-operating expenses like goodwill amortization and eliminate foreign exchange fluctuation losses from operating expenses in the segmental reporting for TP analysis. These directions aim to ensure a more accurate determination of the Arm's Length Price, taking into account the specific circumstances and financial reporting practices of the assessee. en-us Tue, 15 Sep 2020 00:00:00 +0530 Thu, 24 Sep 2020 11:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398799 The Tribunal partly allowed the appeals by directing the TPO to exclude Infosys from the list of comparables for Transfer Pricing analysis. Additionally, the Tribunal instructed to adjust segmental results by excluding non-operating expenses like goodwill amortization and eliminate foreign exchange fluctuation losses from operating expenses in the segmental reporting for TP analysis. These directions aim to ensure a more accurate determination of the Arm's Length Price, taking into account the specific circumstances and financial reporting practices of the assessee. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398799