https://www.taxtmi.com/caselaws?id=378854 The tribunal partially allowed the appeal in the case involving transfer pricing adjustments for ITES and interest paid on delayed settlement of traveler's cheques and pre-paid cards. It directed the exclusion of certain comparables for ITES adjustments, bringing the margin within an acceptable range. Additionally, it ruled that the interest paid was at arm's length, overturning the TPO's adjustment. Regarding the bad debt claimed as a business loss, the tribunal accepted the embezzlement claim but limited the deduction to the actual unrecovered amount. The order was pronounced on 05.04.2019. en-us Fri, 05 Apr 2019 00:00:00 +0530 Thu, 04 Aug 2022 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378854 The tribunal partially allowed the appeal in the case involving transfer pricing adjustments for ITES and interest paid on delayed settlement of traveler's cheques and pre-paid cards. It directed the exclusion of certain comparables for ITES adjustments, bringing the margin within an acceptable range. Additionally, it ruled that the interest paid was at arm's length, overturning the TPO's adjustment. Regarding the bad debt claimed as a business loss, the tribunal accepted the embezzlement claim but limited the deduction to the actual unrecovered amount. The order was pronounced on 05.04.2019. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378854