https://www.taxtmi.com/caselaws?id=433453 The appeal filed by the assessee was partly allowed by the Tribunal, directing the exclusion of certain comparables based on turnover criteria and functionality tests in both Software Development and IT-enabled Services segments. The Tribunal also instructed the reconsideration of certain comparables by the tax authorities and emphasized the correct computation of margins. The decision underscores the significance of following proper comparability criteria and conducting thorough functional and risk analysis in transfer pricing matters, aiming for a just and precise determination of the arm's length price. en-us Thu, 29 Sep 2022 00:00:00 +0530 Mon, 30 Jan 2023 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433453 The appeal filed by the assessee was partly allowed by the Tribunal, directing the exclusion of certain comparables based on turnover criteria and functionality tests in both Software Development and IT-enabled Services segments. The Tribunal also instructed the reconsideration of certain comparables by the tax authorities and emphasized the correct computation of margins. The decision underscores the significance of following proper comparability criteria and conducting thorough functional and risk analysis in transfer pricing matters, aiming for a just and precise determination of the arm's length price. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433453