https://www.taxtmi.com/caselaws?id=306703 The Tribunal partly allowed the appeal, directing the Assessing Officer/Transfer Pricing Officer to reevaluate certain issues based on the Tribunal's findings and precedents. The Transfer Pricing adjustments for software development services and outstanding receivables were upheld, with an enhanced adjustment for interest on delayed receivables. The Tribunal directed the exclusion of certain comparables and the independent benchmarking of outstanding receivables, applying LIBOR+2% for imputing notional interest. Consistency with earlier ITAT directions, particularly regarding segmental profitability analysis, was emphasized. The Tribunal's decision aimed at ensuring a thorough reconsideration of the disputed issues in line with established principles and precedents. en-us Mon, 03 Oct 2022 00:00:00 +0530 Mon, 13 Jul 2026 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306703 The Tribunal partly allowed the appeal, directing the Assessing Officer/Transfer Pricing Officer to reevaluate certain issues based on the Tribunal's findings and precedents. The Transfer Pricing adjustments for software development services and outstanding receivables were upheld, with an enhanced adjustment for interest on delayed receivables. The Tribunal directed the exclusion of certain comparables and the independent benchmarking of outstanding receivables, applying LIBOR+2% for imputing notional interest. Consistency with earlier ITAT directions, particularly regarding segmental profitability analysis, was emphasized. The Tribunal's decision aimed at ensuring a thorough reconsideration of the disputed issues in line with established principles and precedents. Case-Laws Income Tax Mon, 03 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306703