https://www.taxtmi.com/caselaws?id=304613 The appeal was partly allowed, with the Tribunal directing the adoption of internal Transactional Net Margin Method (TNMM) for benchmarking provision of ITeS and upholding the direction on the treatment of overdue receivables. Other grounds, such as the rejection of segmental accounts and the classification as a Knowledge Process Outsourcing (KPO) company, were found to be not valid. The Tribunal dismissed the application of external TNMM and upheld the methodology to compute the arm's length price of receivables. Penalty proceedings were not adjudicated at this stage. en-us Fri, 12 Nov 2021 00:00:00 +0530 Mon, 10 Oct 2022 20:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304613 The appeal was partly allowed, with the Tribunal directing the adoption of internal Transactional Net Margin Method (TNMM) for benchmarking provision of ITeS and upholding the direction on the treatment of overdue receivables. Other grounds, such as the rejection of segmental accounts and the classification as a Knowledge Process Outsourcing (KPO) company, were found to be not valid. The Tribunal dismissed the application of external TNMM and upheld the methodology to compute the arm's length price of receivables. Penalty proceedings were not adjudicated at this stage. Case-Laws Income Tax Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304613