https://www.taxtmi.com/caselaws?id=757105 ITAT Hyderabad remanded TP adjustment issues back to TPO for re-examination. The court directed TPO to reassess rejected comparable companies appearing in search matrix and apply proper turnover filters (10 times upper/lower limits) when selecting comparables. However, exclusion of Infobeans Technologies was upheld as it provided software development services, not KPO services. Regarding delayed receipts from associated enterprises, the tribunal applied SBI rate of 6% with 60-day credit period for benchmarking interest on trade receivables, deciding in favor of assessee. en-us Mon, 29 Jul 2024 00:00:00 +0530 Wed, 14 Aug 2024 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757105 ITAT Hyderabad remanded TP adjustment issues back to TPO for re-examination. The court directed TPO to reassess rejected comparable companies appearing in search matrix and apply proper turnover filters (10 times upper/lower limits) when selecting comparables. However, exclusion of Infobeans Technologies was upheld as it provided software development services, not KPO services. Regarding delayed receipts from associated enterprises, the tribunal applied SBI rate of 6% with 60-day credit period for benchmarking interest on trade receivables, deciding in favor of assessee. Case-Laws Income Tax Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757105