https://www.taxtmi.com/caselaws?id=191036 The Tribunal partly allowed the appeal by directing the Assessing Officer/Transfer Pricing Officer to verify and allow the correct TDS credit, exclude three companies from the list of comparables, and recalculate the arm's length price. The excluded companies were M/s Bodhtree Consulting Ltd., M/s Tata Elxsi Ltd (Segmental), and M/s Infosys Ltd. The working capital adjustment should be based on the Prime Lending Rate of SBI without artificial limitations. en-us Fri, 19 Feb 2016 00:00:00 +0530 Sat, 18 Mar 2017 11:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191036 The Tribunal partly allowed the appeal by directing the Assessing Officer/Transfer Pricing Officer to verify and allow the correct TDS credit, exclude three companies from the list of comparables, and recalculate the arm's length price. The excluded companies were M/s Bodhtree Consulting Ltd., M/s Tata Elxsi Ltd (Segmental), and M/s Infosys Ltd. The working capital adjustment should be based on the Prime Lending Rate of SBI without artificial limitations. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191036