https://www.taxtmi.com/caselaws?id=767140 Rectified DRP directions and the corresponding revised TPO giving-effect order were required to be implemented in computing income, so the transfer pricing adjustment for software development services and IT-enabled services stood deleted. Outstanding receivables beyond the agreed credit period were treated as a separately benchmarkable international transaction; for foreign-currency receivables, the note states that LIBOR with an arm's length spread was the appropriate benchmark, confined to the year under consideration. The section 43B disallowance reflected in the section 143(1) intimation was noted as capable of examination in the scrutiny assessment where the same issue carried forward, and the matter was restored for fresh consideration. en-us Fri, 07 Mar 2025 00:00:00 +0530 Mon, 04 May 2026 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767140 Rectified DRP directions and the corresponding revised TPO giving-effect order were required to be implemented in computing income, so the transfer pricing adjustment for software development services and IT-enabled services stood deleted. Outstanding receivables beyond the agreed credit period were treated as a separately benchmarkable international transaction; for foreign-currency receivables, the note states that LIBOR with an arm's length spread was the appropriate benchmark, confined to the year under consideration. The section 43B disallowance reflected in the section 143(1) intimation was noted as capable of examination in the scrutiny assessment where the same issue carried forward, and the matter was restored for fresh consideration. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767140