https://www.taxtmi.com/caselaws?id=445387 ITAT Mumbai directed AO to correct total taxable income computation from Rs. 218,87,79,755 to Rs. 218,46,93,421 for demand calculation after transfer pricing adjustment reduction. For IT support services benchmarking, tribunal excluded five comparables (Comviva Technologies, XS Cad India, Nihilent, Infobeans Technologies, Cygnet Infotech) due to functional incomparability but retained Axience Consulting and MCI Management for marketing support services. Engineering services segment allowed aggregate benchmarking approach following precedent. Section 14A disallowance rejected as no exempt income received. Provident fund delay disallowance upheld following SC precedent in Checkmate Services. Interest under section 234C directed to be computed on returned income rather than assessed income. en-us Mon, 14 Aug 2023 00:00:00 +0530 Mon, 06 Nov 2023 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445387 ITAT Mumbai directed AO to correct total taxable income computation from Rs. 218,87,79,755 to Rs. 218,46,93,421 for demand calculation after transfer pricing adjustment reduction. For IT support services benchmarking, tribunal excluded five comparables (Comviva Technologies, XS Cad India, Nihilent, Infobeans Technologies, Cygnet Infotech) due to functional incomparability but retained Axience Consulting and MCI Management for marketing support services. Engineering services segment allowed aggregate benchmarking approach following precedent. Section 14A disallowance rejected as no exempt income received. Provident fund delay disallowance upheld following SC precedent in Checkmate Services. Interest under section 234C directed to be computed on returned income rather than assessed income. Case-Laws Income Tax Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445387