https://www.taxtmi.com/caselaws?id=403355 The Tribunal directed the Transfer Pricing Officer (TPO) and Assessing Officer (AO) to re-compute the Arm's Length Price (ALP) for the international transaction of Software Development Services, taking into account the inclusion and exclusion of comparable companies. The treatment of foreign exchange gain/loss as operating profit was also to be re-evaluated. The appeals were partly allowed, with specific instructions for reassessment and granting the Assessee a chance to present their case. en-us Wed, 13 Jan 2021 00:00:00 +0530 Wed, 27 Jan 2021 14:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403355 The Tribunal directed the Transfer Pricing Officer (TPO) and Assessing Officer (AO) to re-compute the Arm's Length Price (ALP) for the international transaction of Software Development Services, taking into account the inclusion and exclusion of comparable companies. The treatment of foreign exchange gain/loss as operating profit was also to be re-evaluated. The appeals were partly allowed, with specific instructions for reassessment and granting the Assessee a chance to present their case. Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403355