https://www.taxtmi.com/caselaws?id=459456 ITAT Bangalore ruled on transfer pricing adjustments for a BPO service provider. The tribunal excluded notional share-based compensation costs from operating expenses as these were mere book entries with no payment obligation. Multiple comparables were excluded from the final set due to functional differences, extraordinary events, or lack of comparability. Issues regarding working capital adjustment, depreciation claims, and various disallowances were remitted to TPO/AO for fresh consideration with proper hearing opportunities. The tribunal emphasized adherence to natural justice principles in comparable selection processes. en-us Wed, 20 Sep 2023 00:00:00 +0530 Fri, 13 Dec 2024 19:06:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459456 ITAT Bangalore ruled on transfer pricing adjustments for a BPO service provider. The tribunal excluded notional share-based compensation costs from operating expenses as these were mere book entries with no payment obligation. Multiple comparables were excluded from the final set due to functional differences, extraordinary events, or lack of comparability. Issues regarding working capital adjustment, depreciation claims, and various disallowances were remitted to TPO/AO for fresh consideration with proper hearing opportunities. The tribunal emphasized adherence to natural justice principles in comparable selection processes. Case-Laws Income Tax Wed, 20 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459456