https://www.taxtmi.com/caselaws?id=790966 In TNMM transfer pricing benchmarking, items intrinsically linked to operating receipts must be classified consistently: the article states that SEIS reversal and foreign exchange fluctuation connected to export receivables were treated as operating or non-operating only to the extent justified by their factual nexus, and the resulting margin remained within arm's length range. It also explains that working capital adjustment is a recognised comparability adjustment and cannot be refused merely because daily working capital data is unavailable, where reasonably reliable approximations from balance-sheet figures can be used. The discussion concludes that such adjustments are computation issues, not grounds for outright denial, when the record supports a reasonable estimate. en-us Thu, 26 Mar 2026 00:00:00 +0530 Sat, 02 May 2026 14:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790966 In TNMM transfer pricing benchmarking, items intrinsically linked to operating receipts must be classified consistently: the article states that SEIS reversal and foreign exchange fluctuation connected to export receivables were treated as operating or non-operating only to the extent justified by their factual nexus, and the resulting margin remained within arm's length range. It also explains that working capital adjustment is a recognised comparability adjustment and cannot be refused merely because daily working capital data is unavailable, where reasonably reliable approximations from balance-sheet figures can be used. The discussion concludes that such adjustments are computation issues, not grounds for outright denial, when the record supports a reasonable estimate. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790966