https://www.taxtmi.com/caselaws?id=303977 The Tribunal partly allowed the appeal by the Assessee in a transfer pricing case involving software development services. The Tribunal directed the Transfer Pricing Officer (TPO) to recalculate the Arms' Length Price (ALP) by excluding companies with turnovers exceeding Rs. 200 crores from the list of comparables. Additionally, the TPO was instructed to reconsider the working capital adjustment issue in line with established guidelines and precedents, providing specific directions for the reassessment. en-us Thu, 03 Feb 2022 00:00:00 +0530 Tue, 11 Oct 2022 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303977 The Tribunal partly allowed the appeal by the Assessee in a transfer pricing case involving software development services. The Tribunal directed the Transfer Pricing Officer (TPO) to recalculate the Arms' Length Price (ALP) by excluding companies with turnovers exceeding Rs. 200 crores from the list of comparables. Additionally, the TPO was instructed to reconsider the working capital adjustment issue in line with established guidelines and precedents, providing specific directions for the reassessment. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303977