https://www.taxtmi.com/caselaws?id=448249 ITAT Bangalore ruled on transfer pricing adjustment for software development services and IT-enabled services provided by assessee to associated enterprises. The TPO had aggregated both segments despite different functions performed. ITAT found TPO's reasoning for aggregation unjustifiable and remanded the matter back to TPO/AO for fresh consideration. The authorities were directed to recompute arm's length price margins independently for each segment based on specific functions performed, ensuring proper opportunity of hearing to the assessee. en-us Wed, 01 Nov 2023 00:00:00 +0530 Sat, 13 Jan 2024 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448249 ITAT Bangalore ruled on transfer pricing adjustment for software development services and IT-enabled services provided by assessee to associated enterprises. The TPO had aggregated both segments despite different functions performed. ITAT found TPO's reasoning for aggregation unjustifiable and remanded the matter back to TPO/AO for fresh consideration. The authorities were directed to recompute arm's length price margins independently for each segment based on specific functions performed, ensuring proper opportunity of hearing to the assessee. Case-Laws Income Tax Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448249