https://www.taxtmi.com/caselaws?id=303996 The ITAT partly allowed the assessee's appeal in a transfer pricing dispute. It directed exclusion of companies that were functionally dissimilar to the assessee, which provides software development, maintenance support services and ITES to its AE, from the set of comparables. The Tribunal accepted the assessee's claim for working capital adjustment. On the treatment of provision for bad and doubtful debts and bad debts as non-operating expenditure, the matter was remanded to the AO to follow the approach adopted for AY 2014-15. Issues relating to non-grant of credit of DDT were also remanded to the AO for fresh examination based on evidence. en-us Thu, 03 Feb 2022 00:00:00 +0530 Mon, 08 Dec 2025 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303996 The ITAT partly allowed the assessee's appeal in a transfer pricing dispute. It directed exclusion of companies that were functionally dissimilar to the assessee, which provides software development, maintenance support services and ITES to its AE, from the set of comparables. The Tribunal accepted the assessee's claim for working capital adjustment. On the treatment of provision for bad and doubtful debts and bad debts as non-operating expenditure, the matter was remanded to the AO to follow the approach adopted for AY 2014-15. Issues relating to non-grant of credit of DDT were also remanded to the AO for fresh examination based on evidence. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303996