https://www.taxtmi.com/caselaws?id=449122 ITAT Bangalore directed TPO to apply upper turnover filter of Rs. 200 Crores for transfer pricing adjustment in software development segment. Assessee's turnover was Rs. 124 Crores, arguing companies exceeding Rs. 200 Crores should be excluded from comparable selection for ALP calculation. Following tribunal's earlier order in assessee's case for AY 2015-16, matter was restored to TPO with directions to exclude high-turnover companies from comparable list and recalculate ALP accordingly. en-us Wed, 10 Jan 2024 00:00:00 +0530 Tue, 06 Feb 2024 20:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449122 ITAT Bangalore directed TPO to apply upper turnover filter of Rs. 200 Crores for transfer pricing adjustment in software development segment. Assessee's turnover was Rs. 124 Crores, arguing companies exceeding Rs. 200 Crores should be excluded from comparable selection for ALP calculation. Following tribunal's earlier order in assessee's case for AY 2015-16, matter was restored to TPO with directions to exclude high-turnover companies from comparable list and recalculate ALP accordingly. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449122