2018 (1) TMI 1453

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....epak Anand, Jr. Standing Counsel For The Appellant. Mr. Aditya Vohra, Advocate For The Respondent. ORDER The Revenue in its appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') is aggrieved by the exclusion of four comparables by the Income Tax Appellate Tribunal (ITAT) in its impugned judgment. The Court has considered the arguments. As far as t....

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....g that the forex gain/loss cannot be treated as a part of income and made the subject matter of adjustment, in the cases of Principal Commissioner of Income Tax v. Cashedge India Pvt. Ltd., ITA 279/2016, decided on 04.05.2016 as well as Principal Commissioner of Income Tax v. B.C. Management Services Pvt. Limited, ITA 1064 and 1083 of 2017, decided on 28.11.2017. Admit. The follo....