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2018 (3) TMI 1816 - ITAT DELHIAddition on account of transfer pricing adjustment - working capital adjustment - HELD THAT:- During the course of hearing, the assessee at the very outset stated that if only working capital adjustment is to be done then the average profit margins of the comparables vis-à-vis operating profit margins of the assessee would be in the range of ± 5% and no adjustment is required. It was also stated that in the subsequent years, the TPO had himself allowed the working capital adjustment while working out the average profit margins of the comparables. DR submitted that the matter may be restored to the TPO for verification of the calculations furnished by the assessee for the working capital adjustment. Assessee did not object if the matter be restored to the TPO/AO for verification of the working capital adjustment and to allow the same as has been done by the TPO in subsequent assessment years. We, therefore, after considering the aforesaid submissions of both the parties, set aside this issue back to the file of the TPO/AO for verification of the calculations given by the assessee for the working capital adjustment and decide the issue for claim of the assessee on account of working capital adjustment on the same line as has been done in the subsequent assessment years.
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