https://www.taxtmi.com/caselaws?id=308492 The Tribunal directed the exclusion of certain companies and remanded the comparability of others for fresh consideration in determining the Arm's Length Price (ALP) for Software Development Services. It also instructed the AO to consider outstanding payables and delayed receivables as comparable uncontrolled transactions. Additionally, the Tribunal allowed 60% depreciation on networking equipment, directed verification of TDS credit claims, non-grant of advance tax credit, MAT credit, and interest under section 234A. The appeal was partly allowed with various relief granted to the assessee. en-us Tue, 13 Sep 2022 00:00:00 +0530 Thu, 29 Jun 2023 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308492 The Tribunal directed the exclusion of certain companies and remanded the comparability of others for fresh consideration in determining the Arm's Length Price (ALP) for Software Development Services. It also instructed the AO to consider outstanding payables and delayed receivables as comparable uncontrolled transactions. Additionally, the Tribunal allowed 60% depreciation on networking equipment, directed verification of TDS credit claims, non-grant of advance tax credit, MAT credit, and interest under section 234A. The appeal was partly allowed with various relief granted to the assessee. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308492