https://www.taxtmi.com/caselaws?id=401929 The appeal by the assessee was partly allowed, with directions to exclude Infosys BPO Ltd. and TCS e-Serve Ltd. as comparables, correct errors in working capital adjustment computation, include foreign exchange gains in operating profits, and properly compute deduction under section 10AA. The Transfer Pricing Officer was instructed to recalculate the Arm's Length Price and other adjustments as per the Tribunal's directives. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 19 Dec 2020 07:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401929 The appeal by the assessee was partly allowed, with directions to exclude Infosys BPO Ltd. and TCS e-Serve Ltd. as comparables, correct errors in working capital adjustment computation, include foreign exchange gains in operating profits, and properly compute deduction under section 10AA. The Transfer Pricing Officer was instructed to recalculate the Arm's Length Price and other adjustments as per the Tribunal's directives. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401929