https://www.taxtmi.com/caselaws?id=431718 The appeal was partly allowed, directing the AO/TPO to grant suitable working capital adjustment, idle capacity adjustment, and foreign exchange fluctuation adjustment after verification. The Tribunal also instructed to recompute operational margins after excluding extraordinary expenses and to exclude a specific company from the list of comparables. Additionally, the AO was directed to allow the carry forward of unabsorbed depreciation as claimed by the Appellant, following the clarification that it could be set off against income from other sources after setting off business losses. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 19 Dec 2022 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431718 The appeal was partly allowed, directing the AO/TPO to grant suitable working capital adjustment, idle capacity adjustment, and foreign exchange fluctuation adjustment after verification. The Tribunal also instructed to recompute operational margins after excluding extraordinary expenses and to exclude a specific company from the list of comparables. Additionally, the AO was directed to allow the carry forward of unabsorbed depreciation as claimed by the Appellant, following the clarification that it could be set off against income from other sources after setting off business losses. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431718