https://www.taxtmi.com/caselaws?id=768950 The ITAT Delhi allowed the assessee's appeal regarding transfer pricing comparable selection. Sasken Communication Technologies Ltd was included as a comparable due to availability of segmental information, while Wipro Ltd, Tata Elxsi Ltd, Infosys Ltd, and Larsen & Toubro Infotech Ltd were excluded for lack of segmental data or functional disparities. For disallowance under Section 14A read with Rule 8D, the matter was remanded to the AO for re-computation, considering the assessee had sufficient non-interest bearing funds and no exempt income from subsidiary investments. The grievance regarding adjustments under Section 143(1) was held not maintainable before the tribunal. en-us Wed, 09 Apr 2025 00:00:00 +0530 Wed, 16 Apr 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768950 The ITAT Delhi allowed the assessee's appeal regarding transfer pricing comparable selection. Sasken Communication Technologies Ltd was included as a comparable due to availability of segmental information, while Wipro Ltd, Tata Elxsi Ltd, Infosys Ltd, and Larsen & Toubro Infotech Ltd were excluded for lack of segmental data or functional disparities. For disallowance under Section 14A read with Rule 8D, the matter was remanded to the AO for re-computation, considering the assessee had sufficient non-interest bearing funds and no exempt income from subsidiary investments. The grievance regarding adjustments under Section 143(1) was held not maintainable before the tribunal. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768950