https://www.taxtmi.com/caselaws?id=768556 ITAT Bangalore allowed the assessee's appeal on multiple grounds. The tribunal deleted TP adjustments in SWD segment and trading/distribution segments, finding TPO's assumptions factually incorrect and the assessee's methodology consistent with precedents. For receivables benchmarking, the matter was remanded to TPO for fresh consideration with proper invoice details. Interest rate was reduced from LIBOR + 450 to LIBOR + 200 basis points. The tribunal also remanded issues regarding CSR expenditure under section 80G, long-term capital gains computation, and TDS credit claims to AO for proper verification and opportunity of hearing. en-us Tue, 04 Mar 2025 00:00:00 +0530 Wed, 09 Apr 2025 07:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768556 ITAT Bangalore allowed the assessee's appeal on multiple grounds. The tribunal deleted TP adjustments in SWD segment and trading/distribution segments, finding TPO's assumptions factually incorrect and the assessee's methodology consistent with precedents. For receivables benchmarking, the matter was remanded to TPO for fresh consideration with proper invoice details. Interest rate was reduced from LIBOR + 450 to LIBOR + 200 basis points. The tribunal also remanded issues regarding CSR expenditure under section 80G, long-term capital gains computation, and TDS credit claims to AO for proper verification and opportunity of hearing. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768556