Friday, March 20, 2015

[aaykarbhavan] Effect of forex fluctuation not to be considered for computing operating margins of comparable



 

Effect of forex fluctuation not to be considered for computing operating margins of comparable

March 20, 2015[2015] 55 taxmann.com 53 (Mumbai - Trib.)
IT/ILT : When assessee is an established company for purpose of comparison, turnover would be relevant only to ensure that comparable selected is also an established player capable of executing all types of work relating to software development
IT/ILT: Foreign exchange fluctuation (loss or gain) does not impact income from operations and accordingly is to be excluded from comparability analysis
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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