https://www.taxtmi.com/caselaws?id=195469 The appeal filed by the assessee was allowed by the Tribunal. The Tribunal directed the Transfer Pricing Officer (TPO) and Assessing Officer (AO) to exclude certain comparables like Accentia Technologies Ltd., Infosys BPO Ltd., and TCS E-Serve Ltd., while including CG-VAK Software & Exports Ltd. and R Systems International Ltd. They were also instructed to make suitable working capital adjustments and apply the correct sequence for set-off of unabsorbed depreciation and brought forward business losses. The issues concerning penalty proceedings under Section 271(1)(c) and interest under Section 234B were deemed premature or consequential and were not ruled upon. en-us Mon, 25 Jul 2016 00:00:00 +0530 Wed, 01 Nov 2017 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195469 The appeal filed by the assessee was allowed by the Tribunal. The Tribunal directed the Transfer Pricing Officer (TPO) and Assessing Officer (AO) to exclude certain comparables like Accentia Technologies Ltd., Infosys BPO Ltd., and TCS E-Serve Ltd., while including CG-VAK Software & Exports Ltd. and R Systems International Ltd. They were also instructed to make suitable working capital adjustments and apply the correct sequence for set-off of unabsorbed depreciation and brought forward business losses. The issues concerning penalty proceedings under Section 271(1)(c) and interest under Section 234B were deemed premature or consequential and were not ruled upon. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195469