https://www.taxtmi.com/caselaws?id=777488 ITAT held the revenue's adjustments flawed and directed the AO/TPO to re-determine transfer-pricing margins in favour of the taxpayer. Export incentives (duty drawback, MEIS), cash-discount income and miscellaneous expenses were held to be operating in nature and must be included in operating revenue/expenses when computing margins. For a comparable with segmental reporting, only the relevant auto-component segment should be used. The tribunal also ordered inclusion of additional comparable entities and remanded the matter for recomputation of margins accordingly. en-us Mon, 04 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 16:32:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777488 ITAT held the revenue's adjustments flawed and directed the AO/TPO to re-determine transfer-pricing margins in favour of the taxpayer. Export incentives (duty drawback, MEIS), cash-discount income and miscellaneous expenses were held to be operating in nature and must be included in operating revenue/expenses when computing margins. For a comparable with segmental reporting, only the relevant auto-component segment should be used. The tribunal also ordered inclusion of additional comparable entities and remanded the matter for recomputation of margins accordingly. Case-Laws Income Tax Mon, 04 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777488