https://www.taxtmi.com/caselaws?id=759128 The ITAT Hyderabad allowed the assessee's appeal in part regarding transfer pricing adjustments. The tribunal excluded Infosys BPO Limited, Eclerx Services Limited, and Crossdomain Solutions Pvt. Ltd. as comparables due to functional dissimilarity. For MPS Limited's exclusion, despite being raised for the first time before ITAT, the tribunal remitted the matter to AO for fresh consideration. ACE BPO Services Private Limited and Informed Technologies Limited were directed to be reconsidered as comparables after verification. For interest on outstanding receivables from associated enterprises, the tribunal adopted LIBOR+200 basis points following Tecnimont precedent, partially allowing the assessee's ground. en-us Wed, 07 Aug 2024 00:00:00 +0530 Tue, 24 Sep 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759128 The ITAT Hyderabad allowed the assessee's appeal in part regarding transfer pricing adjustments. The tribunal excluded Infosys BPO Limited, Eclerx Services Limited, and Crossdomain Solutions Pvt. Ltd. as comparables due to functional dissimilarity. For MPS Limited's exclusion, despite being raised for the first time before ITAT, the tribunal remitted the matter to AO for fresh consideration. ACE BPO Services Private Limited and Informed Technologies Limited were directed to be reconsidered as comparables after verification. For interest on outstanding receivables from associated enterprises, the tribunal adopted LIBOR+200 basis points following Tecnimont precedent, partially allowing the assessee's ground. Case-Laws Income Tax Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759128