https://www.taxtmi.com/caselaws?id=268470 The Tribunal set aside the Transfer Pricing (TP) adjustment for software development services, directing the TPO to make the adjustment NIL based on justified comparables. For marketing support services, the Tribunal accepted the comparables selected by the assessee, justifying the operating profit margin. The deduction claimed on advances written off was allowed as revenue expenditure, emphasizing its facilitation of trading operations without creating a capital asset. The appeal was partly allowed, with directions to adjust TP calculations and allow the deduction for advances written off. en-us Wed, 30 Sep 2015 00:00:00 +0530 Thu, 26 Nov 2015 06:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268470 The Tribunal set aside the Transfer Pricing (TP) adjustment for software development services, directing the TPO to make the adjustment NIL based on justified comparables. For marketing support services, the Tribunal accepted the comparables selected by the assessee, justifying the operating profit margin. The deduction claimed on advances written off was allowed as revenue expenditure, emphasizing its facilitation of trading operations without creating a capital asset. The appeal was partly allowed, with directions to adjust TP calculations and allow the deduction for advances written off. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268470