Held that the Tribunal was right in the categorisation of the foreign exchange gains and loss as operating income or operating loss. Court also held that exclusion of comparable is proper. (AY. 2011-12)
PCIT v. Global Logic India Ltd. (2024)470 ITR 149 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-
International transaction-Foreign exchange gains/loss-Operating income/loss is proper-Comparable-Exclusion of comparable is proper. [S. 260A]
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