https://www.taxtmi.com/caselaws?id=273081 ITAT (Mumbai, AT) directed the AO/TPO to re-determine arm's-length price after excluding comparables whose turnover exceeds about 20 times that of the assessee (companies with turnover over Rs.20 crore) and those functionally dissimilar (software-development firms vs. information-technology/network-support provider). The tribunal also held that e-connectivity charges paid by the assessee are revenue in nature, not capital, and should be treated as revenue expenditure. en-us Fri, 29 Jul 2016 00:00:00 +0530 Fri, 29 Aug 2025 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273081 ITAT (Mumbai, AT) directed the AO/TPO to re-determine arm's-length price after excluding comparables whose turnover exceeds about 20 times that of the assessee (companies with turnover over Rs.20 crore) and those functionally dissimilar (software-development firms vs. information-technology/network-support provider). The tribunal also held that e-connectivity charges paid by the assessee are revenue in nature, not capital, and should be treated as revenue expenditure. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273081