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2015 (11) TMI 1648 - ITAT HYDERABAD
TPA - foreign exchange loss incurred by the assessee considered as operating in nature while computing the net margin of the assessee under TNMM- Held that:- Gain or loss on account of foreign exchange fluctuation is part of the operating income of the assessee.
Selection of comparable - Held that:- Companies with exceptional circumstance and dissimilar functionality and operating in a different business strategy need to be excluded from final list of comparability.