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2023 (1) TMI 116 - AT - Income TaxTP Adjustment - Computation of the working capital adjustment - HELD THAT:- We find that the reasons given by the DRP and the TPO for not providing working capital adjustment has been that because of the inputs in determining the working capital adjustments being variables, it is not possible to reasonably give accurate adjustments. On identical reasons, working capital adjustments was denied to the assessee in the case of Huawai Technologies India Pvt. Ltd. [2018 (10) TMI 1796 - ITAT BANGALORE] In the present case, the assesse has given the computation of the working capital adjustment and the same is given an Annexure to this order. Similar computation has been given for AY 2014-15, 2015- 16 and the same are given in the assessee’s Paper Book. We are of the view that in the light of the decision referred to above, the assesse is entitled to working capital adjustment. The TPO is accordingly directed to allow the same as per law.
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