https://www.taxtmi.com/caselaws?id=394712 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeal, directing the Transfer Pricing Officer to recompute the Arm's Length Price (ALP) using the Transaction Net Margin Method (TNMM) for international transactions. The Tribunal upheld the exclusion of certain comparable companies based on turnover criteria and agreed with the Assessee's argument to exclude Bodhtree Consulting Ltd. as a comparable company. Additionally, the Tribunal supported the CIT(A)'s decision to exclude certain expenses while computing the deduction under Section 10A of the Income Tax Act, in line with judicial precedents. en-us Wed, 12 Feb 2020 00:00:00 +0530 Wed, 22 Apr 2020 11:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394712 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeal, directing the Transfer Pricing Officer to recompute the Arm's Length Price (ALP) using the Transaction Net Margin Method (TNMM) for international transactions. The Tribunal upheld the exclusion of certain comparable companies based on turnover criteria and agreed with the Assessee's argument to exclude Bodhtree Consulting Ltd. as a comparable company. Additionally, the Tribunal supported the CIT(A)'s decision to exclude certain expenses while computing the deduction under Section 10A of the Income Tax Act, in line with judicial precedents. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394712