https://www.taxtmi.com/caselaws?id=390272 The Tribunal allowed the assessee's appeal, directing the exclusion of certain companies from the list of comparables for computing the arm's length price in relation to software development services. It also upheld the assessee's arguments regarding transfer pricing adjustments on outstanding receivables and guarantee fees paid to the associated enterprise, deleting the adjustments made by the Transfer Pricing Officer. The Tribunal further ruled in favor of the assessee regarding disallowances related to bad debts and write-offs of sundry balances/advances. Penalty proceedings were not specifically addressed. The Tribunal emphasized compliance with Dispute Resolution Panel directions and proper consideration of working capital adjustments in transfer pricing. en-us Wed, 27 Nov 2019 00:00:00 +0530 Fri, 27 Dec 2019 09:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390272 The Tribunal allowed the assessee's appeal, directing the exclusion of certain companies from the list of comparables for computing the arm's length price in relation to software development services. It also upheld the assessee's arguments regarding transfer pricing adjustments on outstanding receivables and guarantee fees paid to the associated enterprise, deleting the adjustments made by the Transfer Pricing Officer. The Tribunal further ruled in favor of the assessee regarding disallowances related to bad debts and write-offs of sundry balances/advances. Penalty proceedings were not specifically addressed. The Tribunal emphasized compliance with Dispute Resolution Panel directions and proper consideration of working capital adjustments in transfer pricing. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390272