https://www.taxtmi.com/caselaws?id=308550 The Tribunal allowed the appeal of the assessee, directing the inclusion of insurance claims and foreign exchange gains in operating revenue for calculating the Arm's Length Price (ALP). The Tribunal also instructed that the adjustment of comparables should be made at the transaction level. The Assessing Officer was directed to verify computations, with adjustments only if falling outside a +/-5% range of the international transaction. The primary arguments favored the assessee, leading to the Tribunal's decision. en-us Mon, 17 Apr 2023 00:00:00 +0530 Mon, 03 Jul 2023 20:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308550 The Tribunal allowed the appeal of the assessee, directing the inclusion of insurance claims and foreign exchange gains in operating revenue for calculating the Arm's Length Price (ALP). The Tribunal also instructed that the adjustment of comparables should be made at the transaction level. The Assessing Officer was directed to verify computations, with adjustments only if falling outside a +/-5% range of the international transaction. The primary arguments favored the assessee, leading to the Tribunal's decision. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308550