https://www.taxtmi.com/highlights?id=58836 Adjustment towards foreign exchange fluctuation - non-consideration of impact of abnormal movement in the foreign exchange rates while computing the operating profit margin - the assessee treated foreign exchange fluctuation loss as non-operating and thus computed its operating margin accordingly. Such treatment has been accepted by the TPO also. Once the forex loss has itself been treated and accepted as non-operating for self and the comparables, the same become neutral qua the computation of operating margin, leaving no room for any further adjustment. - AT en-us Mon, 19 Jul 2021 16:02:46 +0530 Mon, 19 Jul 2021 16:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58836 Adjustment towards foreign exchange fluctuation - non-consideration of impact of abnormal movement in the foreign exchange rates while computing the operating profit margin - the assessee treated foreign exchange fluctuation loss as non-operating and thus computed its operating margin accordingly. Such treatment has been accepted by the TPO also. Once the forex loss has itself been treated and accepted as non-operating for self and the comparables, the same become neutral qua the computation of operating margin, leaving no room for any further adjustment. - AT Highlights Income Tax Mon, 19 Jul 2021 16:02:46 +0530 https://www.taxtmi.com/highlights?id=58836