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2018 (7) TMI 1687 - HC - Income TaxTPA - include forex gain/loss as part of operating profit to determine the PLI [profit level indicator] for comparison under TNMM [transactional net margin method] method with ascertaining the nexus between such gain and the business activity of the tax payer? - Held that:- The controversy involved herein is no more res integra in view of the decision in PR. COMMISSIONER OF INCOME TAX AND ASSISTANT COMMISSIONER OF INCOME TAX VERSUS M/S. SOFTBRANDS INDIA P. LTD. [2018 (6) TMI 1327 - KARNATAKA HIGH COURT] wherein it has been observed that unless the finding of the Tribunal is found ex facie perverse, the Appeal u/s. 260-A of the Act, is not maintainable
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