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2015 (7) TMI 1436 - ITAT CHENNAITP Adjustment - exclusion of forex loss from the computation of operating cost of the assessee - HELD THAT:- We find that this issue is squarely covered by decision in the case of M/s. Infac India Pvt. Ltd [2015 (9) TMI 1172 - ITAT CHENNAI] wherein the Tribunal following the decisions of various other orders of the Tribunal had held that profits or loss arising out foreign exchange fluctuation has to be taken into consideration while arriving at the operating cost in the Transfer pricing matters - Appeal of Revenue is allowed.
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