https://www.taxtmi.com/caselaws?id=354407 The Tribunal ruled in favor of the assessee, finding that the comparables selected by the Transfer Pricing Officer (TPO) were not suitable for benchmarking due to their involvement in product development and significant R&D activities, which differed from the assessee's business of software services. The Tribunal accepted the comparables proposed by the assessee, excluding those engaged in software products, and directed for working capital adjustment to be considered. As a result, the Tribunal allowed the appeal, concluding that no transfer pricing adjustment was necessary. en-us Wed, 24 Jan 2018 00:00:00 +0530 Thu, 25 Jan 2018 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354407 The Tribunal ruled in favor of the assessee, finding that the comparables selected by the Transfer Pricing Officer (TPO) were not suitable for benchmarking due to their involvement in product development and significant R&D activities, which differed from the assessee's business of software services. The Tribunal accepted the comparables proposed by the assessee, excluding those engaged in software products, and directed for working capital adjustment to be considered. As a result, the Tribunal allowed the appeal, concluding that no transfer pricing adjustment was necessary. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354407