https://www.taxtmi.com/caselaws?id=411333 The Tribunal partly allowed the appeals of both the Revenue and the assessee. It upheld the exclusion of certain comparables in Transfer Pricing, disallowing depreciation on software, and retaining Bodhtree Consulting Ltd. as a comparable. The Tribunal directed the TPO to grant the working capital adjustment as instructed by the CIT(A) and ruled in favor of the assessee regarding the taxability of liabilities written back under Section 41(1). en-us Wed, 18 Aug 2021 00:00:00 +0530 Mon, 23 Aug 2021 08:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411333 The Tribunal partly allowed the appeals of both the Revenue and the assessee. It upheld the exclusion of certain comparables in Transfer Pricing, disallowing depreciation on software, and retaining Bodhtree Consulting Ltd. as a comparable. The Tribunal directed the TPO to grant the working capital adjustment as instructed by the CIT(A) and ruled in favor of the assessee regarding the taxability of liabilities written back under Section 41(1). Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411333