https://www.taxtmi.com/caselaws?id=363433 The Tribunal addressed issues related to the inclusion/exclusion of comparables in software development and market support services segments. It directed the TPO to reevaluate the inclusion of certain companies like Infosys Technologies Ltd. and E-Infochips Limited, emphasizing functional dissimilarity. The Tribunal upheld the exclusion of companies in the market support services segment due to functional differences. It agreed with the treatment of foreign exchange fluctuations, bank charges, and provisions in operating margin calculations. The Tribunal highlighted computation errors and non-compliance with DRP directions, instructing adherence to DRP instructions for accurate assessments. en-us Fri, 06 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363433 The Tribunal addressed issues related to the inclusion/exclusion of comparables in software development and market support services segments. It directed the TPO to reevaluate the inclusion of certain companies like Infosys Technologies Ltd. and E-Infochips Limited, emphasizing functional dissimilarity. The Tribunal upheld the exclusion of companies in the market support services segment due to functional differences. It agreed with the treatment of foreign exchange fluctuations, bank charges, and provisions in operating margin calculations. The Tribunal highlighted computation errors and non-compliance with DRP directions, instructing adherence to DRP instructions for accurate assessments. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363433