https://www.taxtmi.com/caselaws?id=430680 The Tribunal ruled in favor of the assessee in a transfer pricing dispute for the assessment year 2014-15. It held that foreign exchange fluctuation gain should be treated as operating income, rejecting the Transfer Pricing Officer's adjustment proposal. Additionally, the Tribunal deleted the transfer pricing adjustment on delayed receivables from associated enterprises, considering the close link to BPO services and the company's debt-free status. The appeal was allowed, and the Assessing Officer was directed to verify the working and delete the additions. en-us Wed, 19 Oct 2022 00:00:00 +0530 Thu, 24 Nov 2022 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430680 The Tribunal ruled in favor of the assessee in a transfer pricing dispute for the assessment year 2014-15. It held that foreign exchange fluctuation gain should be treated as operating income, rejecting the Transfer Pricing Officer's adjustment proposal. Additionally, the Tribunal deleted the transfer pricing adjustment on delayed receivables from associated enterprises, considering the close link to BPO services and the company's debt-free status. The appeal was allowed, and the Assessing Officer was directed to verify the working and delete the additions. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430680