https://www.taxtmi.com/caselaws?id=399689 The Tribunal allowed the appeal of the assessee concerning transfer pricing adjustments made by the TPO. The Tribunal directed the exclusion of certain comparable companies, including Bodhtree Consulting Ltd., Infosys Ltd., Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., Sasken Communication Technologies Ltd., and Tata Elxsi Ltd., as they were found not functionally comparable to the assessee's business of providing captive software development services. This decision was based on functional dissimilarity and previous rulings, ensuring a fair and comparable transfer pricing adjustment. en-us Wed, 14 Oct 2020 00:00:00 +0530 Fri, 16 Oct 2020 13:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399689 The Tribunal allowed the appeal of the assessee concerning transfer pricing adjustments made by the TPO. The Tribunal directed the exclusion of certain comparable companies, including Bodhtree Consulting Ltd., Infosys Ltd., Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., Sasken Communication Technologies Ltd., and Tata Elxsi Ltd., as they were found not functionally comparable to the assessee's business of providing captive software development services. This decision was based on functional dissimilarity and previous rulings, ensuring a fair and comparable transfer pricing adjustment. Case-Laws Income Tax Wed, 14 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399689