https://www.taxtmi.com/caselaws?id=306249 The Tribunal upheld the order passed by the Deputy Commissioner of Income-tax (DCIT), confirming the validity of the adjustments made by the Dispute Resolution Panel (DRP) and Transfer Pricing Officer (TPO) for software development and marketing support services. The Tribunal directed the exclusion of certain comparable companies, disallowed negative working capital adjustments, and allowed the deduction of ESOP expenses. The Tribunal remanded the inclusion of ICRA Management Consulting Services Ltd. for reconsideration. The appeal was partly allowed with specific directions, maintaining the validity of the DRP and TPO orders in other aspects. en-us Mon, 14 Jun 2021 00:00:00 +0530 Thu, 19 Jan 2023 08:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306249 The Tribunal upheld the order passed by the Deputy Commissioner of Income-tax (DCIT), confirming the validity of the adjustments made by the Dispute Resolution Panel (DRP) and Transfer Pricing Officer (TPO) for software development and marketing support services. The Tribunal directed the exclusion of certain comparable companies, disallowed negative working capital adjustments, and allowed the deduction of ESOP expenses. The Tribunal remanded the inclusion of ICRA Management Consulting Services Ltd. for reconsideration. The appeal was partly allowed with specific directions, maintaining the validity of the DRP and TPO orders in other aspects. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306249