https://www.taxtmi.com/caselaws?id=291920 The Tribunal allowed the appeal filed by the assessee, directing the deletion of the upward adjustment of Rs. 37,716,838/-. It emphasized the appropriateness of internal TNMM and CUP methods, the comparability of certain companies, and the inclusion of foreign exchange gains in operating profit calculations. The Tribunal noted that since the revenue did not appeal against the exclusion of certain comparables by the CIT(A), no further adjudication was necessary on those companies. en-us Tue, 16 Jan 2018 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291920 The Tribunal allowed the appeal filed by the assessee, directing the deletion of the upward adjustment of Rs. 37,716,838/-. It emphasized the appropriateness of internal TNMM and CUP methods, the comparability of certain companies, and the inclusion of foreign exchange gains in operating profit calculations. The Tribunal noted that since the revenue did not appeal against the exclusion of certain comparables by the CIT(A), no further adjudication was necessary on those companies. Case-Laws Income Tax Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291920