https://www.taxtmi.com/caselaws?id=300201 The Tribunal allowed the assessee's appeal against the assessment order, focusing on Transfer Pricing adjustments. The Tribunal directed the exclusion of companies with turnovers exceeding 200 crores and functionally incomparable companies. It also instructed the AO to consider foreign exchange fluctuations in determining the Arm's Length Price (ALP) for both the assessee and comparable companies. As a result, the appeal was allowed in favor of the assessee, with the order pronounced on 25th October 2019. en-us Fri, 25 Oct 2019 00:00:00 +0530 Sun, 16 Jan 2022 19:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300201 The Tribunal allowed the assessee's appeal against the assessment order, focusing on Transfer Pricing adjustments. The Tribunal directed the exclusion of companies with turnovers exceeding 200 crores and functionally incomparable companies. It also instructed the AO to consider foreign exchange fluctuations in determining the Arm's Length Price (ALP) for both the assessee and comparable companies. As a result, the appeal was allowed in favor of the assessee, with the order pronounced on 25th October 2019. Case-Laws Income Tax Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300201