https://www.taxtmi.com/caselaws?id=308696 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues. The transfer pricing adjustments were found to be unjustified based on consistent methodology and comparable cases. The foreign exchange fluctuation losses were deemed revenue expenditure per established legal precedent. The lease rental expenses were also considered revenue in nature, given the terms of the lease agreement. en-us Thu, 06 Apr 2017 00:00:00 +0530 Thu, 13 Jul 2023 21:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308696 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues. The transfer pricing adjustments were found to be unjustified based on consistent methodology and comparable cases. The foreign exchange fluctuation losses were deemed revenue expenditure per established legal precedent. The lease rental expenses were also considered revenue in nature, given the terms of the lease agreement. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308696