https://www.taxtmi.com/caselaws?id=447658 ITAT (Bangalore) directed the AO/TPO to exclude several selected comparables relied on by the revenue and remanded other comparables to the AO/TPO for fresh FAR-based consideration and opportunity of hearing. The Tribunal allowed the assessee's claim for working-capital adjustment in line with OECD principles and remitted determination of the correct adjustment to the AO/TPO. Disallowance under section 14A was deleted because the assessee earned no exempt income during the relevant year, so no 14A disallowance could be sustained. en-us Fri, 22 Dec 2023 00:00:00 +0530 Fri, 29 Aug 2025 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447658 ITAT (Bangalore) directed the AO/TPO to exclude several selected comparables relied on by the revenue and remanded other comparables to the AO/TPO for fresh FAR-based consideration and opportunity of hearing. The Tribunal allowed the assessee's claim for working-capital adjustment in line with OECD principles and remitted determination of the correct adjustment to the AO/TPO. Disallowance under section 14A was deleted because the assessee earned no exempt income during the relevant year, so no 14A disallowance could be sustained. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447658