https://www.taxtmi.com/caselaws?id=773275 ITAT Bangalore restored transfer pricing adjustment matter to TPO for fresh consideration after finding TPO failed to examine assessee's justification for internal TNMM method and erred in comparable selection. For outstanding receivables, tribunal confirmed these constitute international transactions subject to TP adjustments but modified interest rate from LIBOR+450 to LIBOR+200 basis points. Regarding intra-group services payment reduced to NIL by TPO, matter remanded for fresh examination of consistency with earlier years' global policy and agreements, with TPO directed to provide meaningful hearing opportunity. en-us Wed, 04 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 14:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773275 ITAT Bangalore restored transfer pricing adjustment matter to TPO for fresh consideration after finding TPO failed to examine assessee's justification for internal TNMM method and erred in comparable selection. For outstanding receivables, tribunal confirmed these constitute international transactions subject to TP adjustments but modified interest rate from LIBOR+450 to LIBOR+200 basis points. Regarding intra-group services payment reduced to NIL by TPO, matter remanded for fresh examination of consistency with earlier years' global policy and agreements, with TPO directed to provide meaningful hearing opportunity. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773275