https://www.taxtmi.com/caselaws?id=426654 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute the Arm's Length Price (ALP) in light of exclusions and adjustments made for the ITES and Software Development segments. The Tribunal excluded certain comparables due to differing business models, high-end services, extraordinary events, and other reasons. Additionally, the Tribunal allowed the assessee's claim for deduction under Section 10A on the enhanced assessed income resulting from the disallowance of expenses under Section 40(a)(ia) of the IT Act. en-us Thu, 05 May 2022 00:00:00 +0530 Tue, 23 Aug 2022 08:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426654 The Tribunal partly allowed the appeal, directing the AO/TPO to recompute the Arm's Length Price (ALP) in light of exclusions and adjustments made for the ITES and Software Development segments. The Tribunal excluded certain comparables due to differing business models, high-end services, extraordinary events, and other reasons. Additionally, the Tribunal allowed the assessee's claim for deduction under Section 10A on the enhanced assessed income resulting from the disallowance of expenses under Section 40(a)(ia) of the IT Act. Case-Laws Income Tax Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426654