https://www.taxtmi.com/caselaws?id=400656 The Tribunal allowed the assessee's appeal and partly allowed the revenue's appeal. It directed specific inclusions and exclusions of comparable companies for transfer pricing adjustments, upheld the exclusion of foreign currency expenses from both export and total turnover, and treated foreign exchange fluctuations as operating income/expenses. The issue of TDS credit was remanded to the AO for verification. en-us Thu, 05 Nov 2020 00:00:00 +0530 Thu, 12 Nov 2020 12:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400656 The Tribunal allowed the assessee's appeal and partly allowed the revenue's appeal. It directed specific inclusions and exclusions of comparable companies for transfer pricing adjustments, upheld the exclusion of foreign currency expenses from both export and total turnover, and treated foreign exchange fluctuations as operating income/expenses. The issue of TDS credit was remanded to the AO for verification. Case-Laws Income Tax Thu, 05 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400656