https://www.taxtmi.com/caselaws?id=314061 The ITAT PUNE ruled in favor of the assessee on multiple transfer pricing issues. The tribunal excluded Accentia Technologies Ltd. from comparables as it was a KPO company, following precedent from BNY Mellon case. For PLI computation, the tribunal directed inclusion of DTA unit income as operating revenue and service tax refund per DRP directions, resulting in assessee's PLI of 5.20%. The tribunal also ordered re-computation of PLI for Informed Technologies Ltd. and Jindal Intellicom Ltd. as per DRP directions, and allowed working capital adjustment given assessee's better financial position with advances from associated enterprises and no debtors. en-us Fri, 05 Apr 2019 00:00:00 +0530 Thu, 16 May 2024 06:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314061 The ITAT PUNE ruled in favor of the assessee on multiple transfer pricing issues. The tribunal excluded Accentia Technologies Ltd. from comparables as it was a KPO company, following precedent from BNY Mellon case. For PLI computation, the tribunal directed inclusion of DTA unit income as operating revenue and service tax refund per DRP directions, resulting in assessee's PLI of 5.20%. The tribunal also ordered re-computation of PLI for Informed Technologies Ltd. and Jindal Intellicom Ltd. as per DRP directions, and allowed working capital adjustment given assessee's better financial position with advances from associated enterprises and no debtors. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314061