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2015 (8) TMI 1293 - AT - Income TaxForeign exchange loss / gain treated as operating in nature - Calculation of operating margin - Held that:- We observe that it has not been disputed that the foreign exchange gain/loss has arisen as a consequence of the realization of the consideration for rendering software development services and therefore there is no reason for its exclusion from the operating revenues for the purpose of calculating the operating margin of the assessee. Thus we hold that operating revenue should be computed by including the foreign exchange gain/loss. See SAP LABS India (P.) Ltd. Versus Assistant Commissioner of Income-tax, Circle-12 (3), Bangalore [2010 (8) TMI 676 - ITAT, BANGALORE ]
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