https://www.taxtmi.com/caselaws?id=433319 The tribunal upheld the validity of orders passed by lower income tax authorities, including the reference to the Transfer Pricing Officer for determining arm's length price. Adjustments under Section 92CA of the Income-tax Act were upheld, with specific directions on IT infrastructure support services and capacity utilization adjustment. Certain companies were excluded as comparables based on turnover filters, while others were remanded for reconsideration. The tribunal supported interest on delayed receivables treatment as international transactions and directed a fresh review on capacity utilization adjustments. The appeal was allowed for statistical purposes, emphasizing compliance with legal provisions and principles of natural justice. en-us Mon, 10 Oct 2022 00:00:00 +0530 Fri, 27 Jan 2023 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433319 The tribunal upheld the validity of orders passed by lower income tax authorities, including the reference to the Transfer Pricing Officer for determining arm's length price. Adjustments under Section 92CA of the Income-tax Act were upheld, with specific directions on IT infrastructure support services and capacity utilization adjustment. Certain companies were excluded as comparables based on turnover filters, while others were remanded for reconsideration. The tribunal supported interest on delayed receivables treatment as international transactions and directed a fresh review on capacity utilization adjustments. The appeal was allowed for statistical purposes, emphasizing compliance with legal provisions and principles of natural justice. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433319