https://www.taxtmi.com/caselaws?id=471339 Foreign exchange gain or loss may form part of transfer-pricing operating margins where it arises from export or import transactions connected with the relevant year's business operations and is revenue, rather than capital, in nature. Classification requires factual verification of that nexus and character. In the absence of findings on these matters, eligibility for operating treatment requires fresh determination under this test. en-us Fri, 22 Mar 2019 00:00:00 +0530 Mon, 31 Aug 2026 17:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471339 Foreign exchange gain or loss may form part of transfer-pricing operating margins where it arises from export or import transactions connected with the relevant year's business operations and is revenue, rather than capital, in nature. Classification requires factual verification of that nexus and character. In the absence of findings on these matters, eligibility for operating treatment requires fresh determination under this test. Case-Laws Income Tax Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471339