https://www.taxtmi.com/caselaws?id=354149 The Tribunal set aside the transfer pricing addition in the Software development segment, remitting the matter for fresh determination of arm's length price (ALP) after excluding three companies from the comparables list. Additionally, the Tribunal deleted the penalty imposed under Section 271(1)(c), as it found the assessee had acted in good faith and with due diligence in applying the Transactional Net Margin Method (TNMM) in accordance with Section 92C. en-us Thu, 11 Jan 2018 00:00:00 +0530 Fri, 19 Jan 2018 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354149 The Tribunal set aside the transfer pricing addition in the Software development segment, remitting the matter for fresh determination of arm's length price (ALP) after excluding three companies from the comparables list. Additionally, the Tribunal deleted the penalty imposed under Section 271(1)(c), as it found the assessee had acted in good faith and with due diligence in applying the Transactional Net Margin Method (TNMM) in accordance with Section 92C. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354149