https://www.taxtmi.com/caselaws?id=762212 The ITAT Hyderabad allowed the assessee's appeal for statistical purposes regarding TP adjustments. The tribunal remanded the case to the TPO to re-examine rejected comparable companies that appeared in the search matrix, directing inclusion if functionally comparable. The court found the TPO's application of only minimum turnover filter (Rs. 1 crore) without maximum filter improper, requiring consistent parameters of 10 times turnover on both sides. The issue of treating deferred receivables as international transactions was remanded to AO/TPO to apply 6% savings bank rate after allowing 60-day credit period. en-us Mon, 25 Nov 2024 00:00:00 +0530 Wed, 27 Nov 2024 08:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762212 The ITAT Hyderabad allowed the assessee's appeal for statistical purposes regarding TP adjustments. The tribunal remanded the case to the TPO to re-examine rejected comparable companies that appeared in the search matrix, directing inclusion if functionally comparable. The court found the TPO's application of only minimum turnover filter (Rs. 1 crore) without maximum filter improper, requiring consistent parameters of 10 times turnover on both sides. The issue of treating deferred receivables as international transactions was remanded to AO/TPO to apply 6% savings bank rate after allowing 60-day credit period. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762212