https://www.taxtmi.com/caselaws?id=246961 The Tribunal partially allowed the Assessee's appeal, directing adjustments by the TPO/AO regarding disputed comparables in the ITES and software development segments. The Tribunal also determined the Arm's Length Price (ALP) for interest on loans in favor of the Assessee, rejecting the junk bond rate in favor of LIBOR plus 1.57%. Additionally, the Tribunal instructed the AO to exclude communication expenses from the total turnover for Section 10A deductions. The appeal outcome was pronounced on 29th November 2013. en-us Fri, 29 Nov 2013 00:00:00 +0530 Mon, 28 Apr 2014 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246961 The Tribunal partially allowed the Assessee's appeal, directing adjustments by the TPO/AO regarding disputed comparables in the ITES and software development segments. The Tribunal also determined the Arm's Length Price (ALP) for interest on loans in favor of the Assessee, rejecting the junk bond rate in favor of LIBOR plus 1.57%. Additionally, the Tribunal instructed the AO to exclude communication expenses from the total turnover for Section 10A deductions. The appeal outcome was pronounced on 29th November 2013. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246961