https://www.taxtmi.com/caselaws?id=192193 The appeal was partly allowed with directions to exclude certain comparables, adjust the Arm's Length Price (ALP), consider the tolerance range benefit, exclude foreign currency expenditure from total turnover, and treat application software expenses as revenue expenditure. The Tribunal dismissed certain grounds as not pressed by the assessee and addressed objections to comparables selected by the Transfer Pricing Officer. The levy of interest under Sections 234B and 234D was deemed consequential and mandatory. en-us Wed, 09 Mar 2016 00:00:00 +0530 Fri, 19 May 2017 07:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192193 The appeal was partly allowed with directions to exclude certain comparables, adjust the Arm's Length Price (ALP), consider the tolerance range benefit, exclude foreign currency expenditure from total turnover, and treat application software expenses as revenue expenditure. The Tribunal dismissed certain grounds as not pressed by the assessee and addressed objections to comparables selected by the Transfer Pricing Officer. The levy of interest under Sections 234B and 234D was deemed consequential and mandatory. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192193