https://www.taxtmi.com/caselaws?id=306558 The Tribunal partially allowed the appeal by directing the exclusion of high-turnover companies from the comparables list and upholding the disallowances related to professional fees and forex loss. The correctness of the determination of Arm's Length Price (ALP) for Information and Technology Enabled Services (ITES) was contested, with adjustments proposed by the Transfer Pricing Officer (TPO) and upheld by the CIT(A). The application of the turnover filter in selecting comparable companies was disputed, with the Tribunal ruling in favor of excluding high-turnover companies. The disallowance of provision for professional fees and forex loss as prior period expenditure was upheld by the Tribunal. en-us Fri, 12 Apr 2019 00:00:00 +0530 Thu, 09 Feb 2023 09:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306558 The Tribunal partially allowed the appeal by directing the exclusion of high-turnover companies from the comparables list and upholding the disallowances related to professional fees and forex loss. The correctness of the determination of Arm's Length Price (ALP) for Information and Technology Enabled Services (ITES) was contested, with adjustments proposed by the Transfer Pricing Officer (TPO) and upheld by the CIT(A). The application of the turnover filter in selecting comparable companies was disputed, with the Tribunal ruling in favor of excluding high-turnover companies. The disallowance of provision for professional fees and forex loss as prior period expenditure was upheld by the Tribunal. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306558