https://www.taxtmi.com/caselaws?id=395425 The appeal was partly allowed with directions for verification of certain computations and foreign exchange fluctuations. The Tribunal directed the exclusion of Infosys BPO Ltd. from comparables in the IT Enabled Services segment and restoration of the Software Development Services segment for percentile verification. Disallowances of management services fees and IT cost recharge payments were deleted, as they were not subject to withholding tax. The levy of interest under section 234B was deemed consequential and required no separate adjudication. en-us Fri, 01 May 2020 00:00:00 +0530 Thu, 21 May 2020 11:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395425 The appeal was partly allowed with directions for verification of certain computations and foreign exchange fluctuations. The Tribunal directed the exclusion of Infosys BPO Ltd. from comparables in the IT Enabled Services segment and restoration of the Software Development Services segment for percentile verification. Disallowances of management services fees and IT cost recharge payments were deleted, as they were not subject to withholding tax. The levy of interest under section 234B was deemed consequential and required no separate adjudication. Case-Laws Income Tax Fri, 01 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395425