https://www.taxtmi.com/caselaws?id=446405 ITAT Bangalore allowed the appeal for statistical purposes in a transfer pricing case involving software development and IT services. The tribunal directed exclusion of multiple companies from comparable lists including RS Software, L&T Infotech, Infosys, and others as functionally dissimilar to the assessee. For companies like Akshay Software and Sasken Communication, the matter was remitted to AO/TPO for fresh consideration after DRP failed to properly adjudicate inclusion claims. The tribunal also directed re-computation of margins for certain comparables and exclusion of ITeS companies like Infosys BPM and Eclerx Services as functionally dissimilar. Additionally, the tribunal allowed deduction under section 80G after directing AO to verify supporting documents. en-us Mon, 27 Mar 2023 00:00:00 +0530 Mon, 10 Jun 2024 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446405 ITAT Bangalore allowed the appeal for statistical purposes in a transfer pricing case involving software development and IT services. The tribunal directed exclusion of multiple companies from comparable lists including RS Software, L&T Infotech, Infosys, and others as functionally dissimilar to the assessee. For companies like Akshay Software and Sasken Communication, the matter was remitted to AO/TPO for fresh consideration after DRP failed to properly adjudicate inclusion claims. The tribunal also directed re-computation of margins for certain comparables and exclusion of ITeS companies like Infosys BPM and Eclerx Services as functionally dissimilar. Additionally, the tribunal allowed deduction under section 80G after directing AO to verify supporting documents. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446405