https://www.taxtmi.com/caselaws?id=327217 The Tribunal remitted the transfer pricing adjustment issue back to the AO/TPO for fresh determination. Infosys Ltd. and TCS Ltd. were excluded from comparables, while Bodhtree Consulting Ltd. was upheld. Working capital adjustment was allowed based on annual figures. The deduction under Section 10AA was granted, overturning the AO's denial. The appeal was partly allowed, directing various adjustments and exclusions. en-us Fri, 29 Apr 2016 00:00:00 +0530 Thu, 05 May 2016 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327217 The Tribunal remitted the transfer pricing adjustment issue back to the AO/TPO for fresh determination. Infosys Ltd. and TCS Ltd. were excluded from comparables, while Bodhtree Consulting Ltd. was upheld. Working capital adjustment was allowed based on annual figures. The deduction under Section 10AA was granted, overturning the AO's denial. The appeal was partly allowed, directing various adjustments and exclusions. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327217