https://www.taxtmi.com/caselaws?id=456304 ITAT Bangalore ruled on multiple transfer pricing and tax issues. For royalty payments, the Tribunal directed AO/TPO to treat royalty as operating cost and compare margins with comparable company. TP adjustment in SWD segment was deleted as assessee's margin of 10.72% was within 3% tolerance range of comparable companies' 11.37%. Issues regarding interest on delayed receivables, lease payment disallowances under Section 37, and TDS credit denial were remitted to AO/TPO for fresh consideration with proper opportunity of hearing to assessee. en-us Wed, 17 May 2023 00:00:00 +0530 Mon, 15 Jul 2024 19:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456304 ITAT Bangalore ruled on multiple transfer pricing and tax issues. For royalty payments, the Tribunal directed AO/TPO to treat royalty as operating cost and compare margins with comparable company. TP adjustment in SWD segment was deleted as assessee's margin of 10.72% was within 3% tolerance range of comparable companies' 11.37%. Issues regarding interest on delayed receivables, lease payment disallowances under Section 37, and TDS credit denial were remitted to AO/TPO for fresh consideration with proper opportunity of hearing to assessee. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456304