https://www.taxtmi.com/caselaws?id=458724 The ITAT Chennai directed exclusion of Infosys BPO Ltd from comparable companies for transfer pricing analysis of ITeS services. The tribunal ordered fresh consideration of segmental margins for Microland Ltd and inclusion of Informed Technologies India Ltd as comparable after proper examination. Working capital adjustments were remanded to AO/TPO for fresh consideration, emphasizing that capital employed including working capital must be compared between assessee and comparable companies for determining arm's length price. The Section 80JJAA deduction claim was remitted to AO pending CIT(A)'s decision in earlier year. en-us Fri, 25 Oct 2019 00:00:00 +0530 Wed, 13 Nov 2024 21:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458724 The ITAT Chennai directed exclusion of Infosys BPO Ltd from comparable companies for transfer pricing analysis of ITeS services. The tribunal ordered fresh consideration of segmental margins for Microland Ltd and inclusion of Informed Technologies India Ltd as comparable after proper examination. Working capital adjustments were remanded to AO/TPO for fresh consideration, emphasizing that capital employed including working capital must be compared between assessee and comparable companies for determining arm's length price. The Section 80JJAA deduction claim was remitted to AO pending CIT(A)'s decision in earlier year. Case-Laws Income Tax Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458724