https://www.taxtmi.com/caselaws?id=434591 ITAT BANGALORE largely upheld the transfer-pricing adjustments but remitted multiple issues to the AO/TPO for de novo consideration. The bench held a persistent-loss entity is not a valid comparable and sustained lower authorities' view. Remittals: operating-margin computation (specific non-operating items), customs-duty and Thai-flood extra-cost adjustments, royalty/section-40(a) verification, price-reduction relief sequencing, capacity-underutilization and supporting data, and certain working-capital, cash-PLI/depreciation and employee-benefit provision matters. TP adjustments were confined to related-party transactions; no separate royalty adjustment where TNMM applied at entity level. Miscellaneous expenses partly allowed (30%); ensure no double benefit for depreciation. en-us Fri, 02 Dec 2022 00:00:00 +0530 Wed, 15 Oct 2025 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434591 ITAT BANGALORE largely upheld the transfer-pricing adjustments but remitted multiple issues to the AO/TPO for de novo consideration. The bench held a persistent-loss entity is not a valid comparable and sustained lower authorities' view. Remittals: operating-margin computation (specific non-operating items), customs-duty and Thai-flood extra-cost adjustments, royalty/section-40(a) verification, price-reduction relief sequencing, capacity-underutilization and supporting data, and certain working-capital, cash-PLI/depreciation and employee-benefit provision matters. TP adjustments were confined to related-party transactions; no separate royalty adjustment where TNMM applied at entity level. Miscellaneous expenses partly allowed (30%); ensure no double benefit for depreciation. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434591