AdvertisementDCIT Vs IQOR India Services Pvt. Ltd. (ITAT Delhi) The Delhi ITAT disposed of the Revenue’s appeal and the assessee’s cross objection arising from the order of the CIT(A)-44, New Delhi for Assessment Year 2012-13. The assessee, engaged in providing IT-enabled services (ITES) to its Associated Enterprise, had benchmarked its international transactions under the Transactional Net Margin Method (TNMM) using Operating Profit to Operating Cost (OP/OC) as the Profit Level Indicator. The Transfer Pricing Officer (TPO) determined a different set of comparables, excluded foreign exchange ga...