https://www.taxtmi.com/caselaws?id=306764 The Tribunal upheld the lower authorities' decision on the determination of Arm's Length Price for Software Development Services, rejecting the Assessee's contention on subcontracting charges. Regarding the Transfer Pricing Adjustment for Outstanding Receivables, the Tribunal directed the re-calculation of interest using a specific rate. The issue of disallowance of depreciation on Computer Peripherals was remitted back to the AO for verification, while the disallowance of depreciation on Leasehold Improvements was restricted to current year additions. The Tribunal partially allowed the Assessee's appeal, emphasizing proper verification and adherence to legal principles. en-us Wed, 08 Jun 2022 00:00:00 +0530 Thu, 23 Feb 2023 02:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306764 The Tribunal upheld the lower authorities' decision on the determination of Arm's Length Price for Software Development Services, rejecting the Assessee's contention on subcontracting charges. Regarding the Transfer Pricing Adjustment for Outstanding Receivables, the Tribunal directed the re-calculation of interest using a specific rate. The issue of disallowance of depreciation on Computer Peripherals was remitted back to the AO for verification, while the disallowance of depreciation on Leasehold Improvements was restricted to current year additions. The Tribunal partially allowed the Assessee's appeal, emphasizing proper verification and adherence to legal principles. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306764