https://www.taxtmi.com/caselaws?id=242767 The Tribunal set aside the Transfer Pricing Officer's adjustment of Rs.4,36,01,947/- in a case involving international transactions with foreign Associated Enterprises for the Assessment Year 2009-10. The Tribunal directed a fresh consideration by the TPO, emphasizing the exclusion of Infosys Ltd. as a comparable case, following the decision in Agnity India Technologies Pvt. Ltd. The matter was remitted to the TPO for a new decision in line with the High Court's judgment, granting the assessee the opportunity to present its case and provide additional evidence. The inclusion of Bodhtree Consulting Ltd. as a comparable was also contested, leading to a reevaluation by the TPO based on the nature of its business activities. en-us Fri, 17 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 06:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242767 The Tribunal set aside the Transfer Pricing Officer's adjustment of Rs.4,36,01,947/- in a case involving international transactions with foreign Associated Enterprises for the Assessment Year 2009-10. The Tribunal directed a fresh consideration by the TPO, emphasizing the exclusion of Infosys Ltd. as a comparable case, following the decision in Agnity India Technologies Pvt. Ltd. The matter was remitted to the TPO for a new decision in line with the High Court's judgment, granting the assessee the opportunity to present its case and provide additional evidence. The inclusion of Bodhtree Consulting Ltd. as a comparable was also contested, leading to a reevaluation by the TPO based on the nature of its business activities. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242767