https://www.taxtmi.com/caselaws?id=302034 The appeal filed by the assessee was partly allowed by the Tribunal. Infosys BPO Limited and TCS E-Serve Limited were excluded from the list of comparables due to functional dissimilarity. The Tribunal directed for depreciation adjustments if varying rates were observed. Negative working capital adjustments were deemed inappropriate for captive service providers. Additionally, the Tribunal allowed the deduction of educational cess based on legal precedents. en-us Wed, 24 Nov 2021 00:00:00 +0530 Sat, 30 Apr 2022 22:03:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302034 The appeal filed by the assessee was partly allowed by the Tribunal. Infosys BPO Limited and TCS E-Serve Limited were excluded from the list of comparables due to functional dissimilarity. The Tribunal directed for depreciation adjustments if varying rates were observed. Negative working capital adjustments were deemed inappropriate for captive service providers. Additionally, the Tribunal allowed the deduction of educational cess based on legal precedents. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302034