https://www.taxtmi.com/caselaws?id=289385 The appeal was partly allowed. The Tribunal directed the Transfer Pricing Officer (TPO) to reconsider the comparability of Universal Print Systems Ltd. and exclude TCS E-Serve Ltd. from the list of comparables. The inclusion of BNR Udyog Ltd. and Excel Infoways Ltd. in the list of comparables was upheld. Additionally, the TPO was directed to reconsider the working capital adjustment while the appeal related to risk adjustment was dismissed. en-us Fri, 16 Nov 2018 00:00:00 +0530 Tue, 28 Jul 2020 14:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289385 The appeal was partly allowed. The Tribunal directed the Transfer Pricing Officer (TPO) to reconsider the comparability of Universal Print Systems Ltd. and exclude TCS E-Serve Ltd. from the list of comparables. The inclusion of BNR Udyog Ltd. and Excel Infoways Ltd. in the list of comparables was upheld. Additionally, the TPO was directed to reconsider the working capital adjustment while the appeal related to risk adjustment was dismissed. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289385