https://www.taxtmi.com/caselaws?id=191066 The tribunal partly allowed the assessee's appeal, directing the Transfer Pricing Officer (TPO) to re-evaluate the working capital adjustment and recompute the margins for the comparables. The tribunal emphasized the importance of accurate adjustments and functional comparability in transfer pricing analysis. The TPO was instructed to allow the working capital adjustment as per the directions for the assessment year 2009-10 and to correctly apply the employee cost filter for comparables, including Ancent Software International Ltd. The TPO was also directed to exclude only direct expenses attributable to rental income for Softsol India Ltd. en-us Tue, 26 Apr 2016 00:00:00 +0530 Sat, 18 Mar 2017 17:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191066 The tribunal partly allowed the assessee's appeal, directing the Transfer Pricing Officer (TPO) to re-evaluate the working capital adjustment and recompute the margins for the comparables. The tribunal emphasized the importance of accurate adjustments and functional comparability in transfer pricing analysis. The TPO was instructed to allow the working capital adjustment as per the directions for the assessment year 2009-10 and to correctly apply the employee cost filter for comparables, including Ancent Software International Ltd. The TPO was also directed to exclude only direct expenses attributable to rental income for Softsol India Ltd. Case-Laws Income Tax Tue, 26 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191066