https://www.taxtmi.com/caselaws?id=409986 The Tribunal partly allowed the appeal challenging the addition to the total income based on the Arms' Length Price (ALP) determination for Software Development Services. It upheld the exclusion of five comparable companies with turnovers significantly higher than the assessee, following established principles. The Tribunal dismissed the ground regarding the treatment of bad and doubtful debts as it was raised for the first time at the Tribunal. Directions were given for the Assessing Officer (AO) to compute the ALP in accordance with the Tribunal's rulings after granting an opportunity of hearing to the assessee. en-us Thu, 24 Jun 2021 00:00:00 +0530 Thu, 22 Jul 2021 08:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409986 The Tribunal partly allowed the appeal challenging the addition to the total income based on the Arms' Length Price (ALP) determination for Software Development Services. It upheld the exclusion of five comparable companies with turnovers significantly higher than the assessee, following established principles. The Tribunal dismissed the ground regarding the treatment of bad and doubtful debts as it was raised for the first time at the Tribunal. Directions were given for the Assessing Officer (AO) to compute the ALP in accordance with the Tribunal's rulings after granting an opportunity of hearing to the assessee. Case-Laws Income Tax Thu, 24 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409986