https://www.taxtmi.com/caselaws?id=311545 ITAT Bangalore ruled on multiple transfer pricing issues. The tribunal directed treating provisions for bad and doubtful debts as operating expenses and allowing working capital adjustments per precedent. Several companies were excluded as comparables due to functional dissimilarity including Manipal Digital Systems, Datamatics Business Solutions, and Infosys BPO. CES Limited was excluded for conducting both BPO and KPO services without proper segregation. Multiple matters including Ultramine Pigments, SPI Technologies exclusions and R System International, Bhilwara Technology, Crystal Voxx considerations were remitted back to AO/TPO for fresh examination. ISN Global Solutions was directed to be included as comparable being functionally similar ITES service provider. en-us Fri, 31 Mar 2023 00:00:00 +0530 Mon, 01 Jan 2024 18:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311545 ITAT Bangalore ruled on multiple transfer pricing issues. The tribunal directed treating provisions for bad and doubtful debts as operating expenses and allowing working capital adjustments per precedent. Several companies were excluded as comparables due to functional dissimilarity including Manipal Digital Systems, Datamatics Business Solutions, and Infosys BPO. CES Limited was excluded for conducting both BPO and KPO services without proper segregation. Multiple matters including Ultramine Pigments, SPI Technologies exclusions and R System International, Bhilwara Technology, Crystal Voxx considerations were remitted back to AO/TPO for fresh examination. ISN Global Solutions was directed to be included as comparable being functionally similar ITES service provider. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311545