https://www.taxtmi.com/caselaws?id=762904 ITAT Hyderabad ruled in favor of the assessee regarding transfer pricing adjustments for software development services. The tribunal held that expenses incurred after cessation of business activities on 06/12/2009 until final closure on 15/03/2010, including employee severance pay, cannot be treated as operating costs for calculating Profit Level Indicator (PLI). The matter was remanded to the AO with directions to exclude post-cessation expenses from operating cost calculations, allowing the assessee's ground for statistical purposes. en-us Tue, 16 Jul 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762904 ITAT Hyderabad ruled in favor of the assessee regarding transfer pricing adjustments for software development services. The tribunal held that expenses incurred after cessation of business activities on 06/12/2009 until final closure on 15/03/2010, including employee severance pay, cannot be treated as operating costs for calculating Profit Level Indicator (PLI). The matter was remanded to the AO with directions to exclude post-cessation expenses from operating cost calculations, allowing the assessee's ground for statistical purposes. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762904