https://www.taxtmi.com/caselaws?id=446521 ITAT Bangalore excluded several companies from TP comparables following precedent, including Bodhtree Consulting Ltd, Tata Elxsi Ltd, Persistent Systems Ltd, and Infosys Ltd. Two additional companies were excluded for failing turnover filter. The tribunal allowed warranty provision deduction based on past experience and historical trends, noting actual warranty expenses consistently exceeded provisions. Annual license fee claim was rejected as assessee failed to establish recurring nature with credible evidence, though depreciation was granted per DRP order. TDS credit was directed after verification. en-us Thu, 17 Aug 2023 00:00:00 +0530 Tue, 05 Dec 2023 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446521 ITAT Bangalore excluded several companies from TP comparables following precedent, including Bodhtree Consulting Ltd, Tata Elxsi Ltd, Persistent Systems Ltd, and Infosys Ltd. Two additional companies were excluded for failing turnover filter. The tribunal allowed warranty provision deduction based on past experience and historical trends, noting actual warranty expenses consistently exceeded provisions. Annual license fee claim was rejected as assessee failed to establish recurring nature with credible evidence, though depreciation was granted per DRP order. TDS credit was directed after verification. Case-Laws Income Tax Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446521