https://www.taxtmi.com/caselaws?id=305485 The appeal involved issues regarding the exclusion of loss on foreign exchange fluctuation from operating expenditure, adjustment of working capital for determining the arm's length price, and non-consideration of miscellaneous income in the assessment for the year 2014-15. The Tribunal directed the exclusion of foreign exchange fluctuation loss from operating expenditure, remitted the working capital adjustment issue back to the CIT(Appeals) for re-examination, and ordered proper consideration of the miscellaneous income by the CIT(Appeals). The appeal was allowed in favor of the assessee, with the decision pronounced in Chennai on 21st October 2019. en-us Mon, 21 Oct 2019 00:00:00 +0530 Wed, 07 Dec 2022 10:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305485 The appeal involved issues regarding the exclusion of loss on foreign exchange fluctuation from operating expenditure, adjustment of working capital for determining the arm's length price, and non-consideration of miscellaneous income in the assessment for the year 2014-15. The Tribunal directed the exclusion of foreign exchange fluctuation loss from operating expenditure, remitted the working capital adjustment issue back to the CIT(Appeals) for re-examination, and ordered proper consideration of the miscellaneous income by the CIT(Appeals). The appeal was allowed in favor of the assessee, with the decision pronounced in Chennai on 21st October 2019. Case-Laws Income Tax Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305485