https://www.taxtmi.com/caselaws?id=358318 The Tribunal partly allowed the assessee's appeal regarding adjustments under Section 92CA for software development services. The Tribunal rejected the exclusion of CG-VAK Software Exports Ltd. and inclusion of Akshay Software Technologies Ltd. and Thinksoft Global Services Ltd. It remanded Larsen & Toubro Ltd., Persistent Systems Ltd., and four comparables back to the TPO for further examination. Regarding the levy of interest under Section 234B, the Tribunal remanded the working capital adjustment issue back to the TPO and rejected the request for risk adjustment. The order was pronounced on 28th February 2018. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358318 The Tribunal partly allowed the assessee's appeal regarding adjustments under Section 92CA for software development services. The Tribunal rejected the exclusion of CG-VAK Software Exports Ltd. and inclusion of Akshay Software Technologies Ltd. and Thinksoft Global Services Ltd. It remanded Larsen & Toubro Ltd., Persistent Systems Ltd., and four comparables back to the TPO for further examination. Regarding the levy of interest under Section 234B, the Tribunal remanded the working capital adjustment issue back to the TPO and rejected the request for risk adjustment. The order was pronounced on 28th February 2018. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358318