Tribunal held that company having huge Brand Name And Significant Intangibles Cannot Be Compared. Gains or loss arising from Fluctuation of\u00a0 Foreign Currency to be considered as operating in nature. Working capital adjustment to be allowed on actual basis without any restriction.-Tribunal\u00a0 also held that the directions of the Dispute Resolution Panel could not be construed as setting aside of the issue to the Transfer Pricing Officer\/Assessing Officer, there was no merit in the ground raised by the Department. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 92C : Transfer pricing-Arm\u2019s length price-Comparable-Companies Engaged In Providing High-End Integrated Services, Having Huge Brand Name And Significant Intangibles Cannot Be Compared-Gains or loss arising from Fluctuation of Foreign Currency to be considered as operating in nature-working capital adjustment to be allowed on actual basis without any restriction.-Directions of Dispute Resolution Panel cannot be construed as setting aside of issue to Transfer Pricing Officer. [S. 92CA, 144C(8)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17928","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Fa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=17928"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17928\/revisions"}],"predecessor-version":[{"id":17929,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17928\/revisions\/17929"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}