https://www.taxtmi.com/caselaws?id=409202 The Tribunal directed the AO/TPO to include "Advances to suppliers" and "Advances from customers" in the working capital adjustment calculation. Fives Cail KCP Ltd. was excluded as a comparable company due to the lack of segmental information, failing the transaction level test. The Tribunal remanded the matter back to the AO/TPO for redetermining the Arm's Length Price (ALP) in accordance with the directions provided, partly allowing the appeal for statistical purposes. en-us Thu, 24 Jun 2021 00:00:00 +0530 Thu, 03 Mar 2022 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409202 The Tribunal directed the AO/TPO to include "Advances to suppliers" and "Advances from customers" in the working capital adjustment calculation. Fives Cail KCP Ltd. was excluded as a comparable company due to the lack of segmental information, failing the transaction level test. The Tribunal remanded the matter back to the AO/TPO for redetermining the Arm's Length Price (ALP) in accordance with the directions provided, partly allowing the appeal for statistical purposes. Case-Laws Income Tax Thu, 24 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409202