2016 (3) TMI 1272

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.... For The Respondent : Deepak Chopra and Mr Harpreet Singh Ajmani and Mr Rohan Khare, Advocates ORDER CM No.10985/2016 1. For the reasons stated therein, the delay in re-filing the appeal is condoned. The application is disposed of. ITA 206/2016 2. This appeal by the Revenue is directed against the order dated 14th August, 2015 passed by the Income Tax Appellate Tribunal (ITAT) in ....

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.... Ameriprise USA on the basis of a cost plus pricing methodology." The ITAT was therefore right in holding that the AO was not justified in considering the foreign exchange loss as a non-operating cost. 5. Additionally, it is pointed out by Mr Deepak Chopra, learned counsel for the Assessee, that for the subsequent AYs an Advance Pricing Agreement has been entered into between the Assessee and t....