https://www.taxtmi.com/caselaws?id=461014 ITAT Bangalore ruled on transfer pricing adjustments involving expense reallocation and comparable selection. The TPO was directed to follow DRP directions regarding reallocation of expenses between software development, marketing support, and data center segments per section 144C(13). Multiple comparables were excluded due to high turnover disparity with the captive service provider or functional dissimilarity, including Tata Elxi, Mindtree, L&T Infotech, and others. Issues regarding Inteq Software and Aspire Systems were remanded for fresh consideration. The assessee was granted working capital adjustment entitlement. Three MSS segment comparables were excluded as functionally incomparable with the captive service provider's operations. en-us Fri, 29 Jul 2022 00:00:00 +0530 Thu, 06 Mar 2025 19:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461014 ITAT Bangalore ruled on transfer pricing adjustments involving expense reallocation and comparable selection. The TPO was directed to follow DRP directions regarding reallocation of expenses between software development, marketing support, and data center segments per section 144C(13). Multiple comparables were excluded due to high turnover disparity with the captive service provider or functional dissimilarity, including Tata Elxi, Mindtree, L&T Infotech, and others. Issues regarding Inteq Software and Aspire Systems were remanded for fresh consideration. The assessee was granted working capital adjustment entitlement. Three MSS segment comparables were excluded as functionally incomparable with the captive service provider's operations. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461014