https://www.taxtmi.com/caselaws?id=427504 The appeal was partly allowed, with the Tribunal reducing transfer pricing adjustments for software development services and interest on delayed receivables. The Tribunal directed the authorities to apply turnover filters, re-examine comparable companies, consider working capital adjustments, rectify operating margin computations, and ensure consistent treatment of foreign exchange gains/losses. Notional interest on outstanding receivables was addressed under section 92B of the I.T. Act. The Tribunal stressed the importance of accuracy and consistency in transfer pricing assessments. en-us Thu, 21 Jul 2022 00:00:00 +0530 Sat, 10 Sep 2022 07:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427504 The appeal was partly allowed, with the Tribunal reducing transfer pricing adjustments for software development services and interest on delayed receivables. The Tribunal directed the authorities to apply turnover filters, re-examine comparable companies, consider working capital adjustments, rectify operating margin computations, and ensure consistent treatment of foreign exchange gains/losses. Notional interest on outstanding receivables was addressed under section 92B of the I.T. Act. The Tribunal stressed the importance of accuracy and consistency in transfer pricing assessments. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427504