https://www.taxtmi.com/caselaws?id=755488 ITAT Mumbai excluded Nihilent Limited as a comparable for TP adjustment analysis. The assessee provided routine IT services including software development, implementation, support, QA, and project management. Nihilent Limited specialized in enterprise transformation and change management services, which differed significantly from the assessee's routine services. The tribunal found the business models incomparable due to functional differences and directed TPO/AO to exclude Nihilent Limited from the comparable set for transfer pricing purposes. en-us Mon, 29 Jan 2024 00:00:00 +0530 Sat, 13 Jul 2024 08:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755488 ITAT Mumbai excluded Nihilent Limited as a comparable for TP adjustment analysis. The assessee provided routine IT services including software development, implementation, support, QA, and project management. Nihilent Limited specialized in enterprise transformation and change management services, which differed significantly from the assessee's routine services. The tribunal found the business models incomparable due to functional differences and directed TPO/AO to exclude Nihilent Limited from the comparable set for transfer pricing purposes. Case-Laws Income Tax Mon, 29 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755488