https://www.taxtmi.com/caselaws?id=305300 The Tribunal partly allowed the appeal, directing the AO/TPO to re-determine the arm's length price (ALP) for software development services and various other issues in accordance with its directions. The Tribunal provided detailed directions on the exclusion and inclusion of comparable companies, treatment of foreign exchange gains, and determination of ALP for delayed receivables. Additionally, the AO was directed to verify and grant Tax Deducted at Source (TDS) and Minimum Alternate Tax (MAT) credits, and provide relief for the excess levy of interest under Section 234B. Several issues were remanded for fresh consideration. en-us Wed, 07 Oct 2020 00:00:00 +0530 Mon, 28 Nov 2022 10:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305300 The Tribunal partly allowed the appeal, directing the AO/TPO to re-determine the arm's length price (ALP) for software development services and various other issues in accordance with its directions. The Tribunal provided detailed directions on the exclusion and inclusion of comparable companies, treatment of foreign exchange gains, and determination of ALP for delayed receivables. Additionally, the AO was directed to verify and grant Tax Deducted at Source (TDS) and Minimum Alternate Tax (MAT) credits, and provide relief for the excess levy of interest under Section 234B. Several issues were remanded for fresh consideration. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305300