https://www.taxtmi.com/caselaws?id=462071 ITAT Delhi ruled on transfer pricing adjustments for software development and BPO services. The tribunal excluded multiple comparables including Infosys Technologies, Wipro Limited, and others due to functional dissimilarity, extraordinary events, or operational differences. Three companies were remanded to AO/TPO for fresh consideration after proper verification. The tribunal also remanded the issue of unabsorbed depreciation set-off against income from other sources, directing AO to allow set-off in accordance with law after verification. en-us Tue, 31 May 2022 00:00:00 +0530 Mon, 03 Aug 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462071 ITAT Delhi ruled on transfer pricing adjustments for software development and BPO services. The tribunal excluded multiple comparables including Infosys Technologies, Wipro Limited, and others due to functional dissimilarity, extraordinary events, or operational differences. Three companies were remanded to AO/TPO for fresh consideration after proper verification. The tribunal also remanded the issue of unabsorbed depreciation set-off against income from other sources, directing AO to allow set-off in accordance with law after verification. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462071