https://www.taxtmi.com/caselaws?id=296379 The Tribunal partially allowed the appeal, remitting several issues back to the Assessing Officer for proper consideration and adjustments. The appellant's challenges to the assessment order were upheld on grounds of violation of natural justice and lack of merit. Specific objections against the Transfer Pricing Officer's methodologies were noted, with directions for adjustments in working capital levels, recovery of advances in operating profits, and inclusion of comparable companies for benchmarking. The Tribunal emphasized the need for accurate comparability analysis and consideration of foreign exchange losses in determining the Arm's Length Price. en-us Wed, 19 Apr 2017 00:00:00 +0530 Mon, 19 Jul 2021 10:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296379 The Tribunal partially allowed the appeal, remitting several issues back to the Assessing Officer for proper consideration and adjustments. The appellant's challenges to the assessment order were upheld on grounds of violation of natural justice and lack of merit. Specific objections against the Transfer Pricing Officer's methodologies were noted, with directions for adjustments in working capital levels, recovery of advances in operating profits, and inclusion of comparable companies for benchmarking. The Tribunal emphasized the need for accurate comparability analysis and consideration of foreign exchange losses in determining the Arm's Length Price. Case-Laws Income Tax Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296379