https://www.taxtmi.com/caselaws?id=273263 The Tribunal upheld the Dispute Resolution Panel's directions on various issues, including the inclusion of upfront fees as operating costs, selection/rejection of comparable companies for Transfer Pricing analysis, treatment of bad debts provision, and levy of interest. It directed verification and adjustments on these matters. The Tribunal disagreed with the exclusion of certain companies by the DRP, restricted TP adjustments to international transactions, and ruled against negative working capital adjustments. It also directed the setting off of unabsorbed depreciation and computation of interest as per the Income Tax Act. The Revenue's appeal was partly allowed based on specific grounds. en-us Wed, 21 Dec 2016 00:00:00 +0530 Wed, 03 Jun 2026 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273263 The Tribunal upheld the Dispute Resolution Panel's directions on various issues, including the inclusion of upfront fees as operating costs, selection/rejection of comparable companies for Transfer Pricing analysis, treatment of bad debts provision, and levy of interest. It directed verification and adjustments on these matters. The Tribunal disagreed with the exclusion of certain companies by the DRP, restricted TP adjustments to international transactions, and ruled against negative working capital adjustments. It also directed the setting off of unabsorbed depreciation and computation of interest as per the Income Tax Act. The Revenue's appeal was partly allowed based on specific grounds. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273263