https://www.taxtmi.com/caselaws?id=435834 The appeal was partly allowed by the Tribunal in a transfer pricing case involving software development and IT enabled services transactions. The Tribunal directed the exclusion of specific companies from the list of comparables based on turnover and functional dissimilarity. Additionally, the Tribunal remanded the issue of interest levied under section 234A to the Assessing Officer for verification and deemed the interest under section 234B as consequential and mandatory. en-us Thu, 05 Jan 2023 00:00:00 +0530 Wed, 29 Mar 2023 08:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435834 The appeal was partly allowed by the Tribunal in a transfer pricing case involving software development and IT enabled services transactions. The Tribunal directed the exclusion of specific companies from the list of comparables based on turnover and functional dissimilarity. Additionally, the Tribunal remanded the issue of interest levied under section 234A to the Assessing Officer for verification and deemed the interest under section 234B as consequential and mandatory. Case-Laws Income Tax Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435834