https://www.taxtmi.com/caselaws?id=789957 Transfer pricing adjustment under the Transactional Net Margin Method is confined to the value of international transactions with associated enterprises and is not extended to the assessee's entire turnover. Capacity utilisation adjustment and working capital adjustment may be granted where factual verification supports them, and a consistent operating treatment may be applied to forex gain and provisions written back. The appellate view sustaining these segmental and operating adjustments was upheld, with the Revenue's challenge failing on each ground. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 17 Apr 2026 08:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789957 Transfer pricing adjustment under the Transactional Net Margin Method is confined to the value of international transactions with associated enterprises and is not extended to the assessee's entire turnover. Capacity utilisation adjustment and working capital adjustment may be granted where factual verification supports them, and a consistent operating treatment may be applied to forex gain and provisions written back. The appellate view sustaining these segmental and operating adjustments was upheld, with the Revenue's challenge failing on each ground. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789957