https://www.taxtmi.com/caselaws?id=773419 ITAT Hyderabad ruled on transfer pricing comparable selection for a software development company providing services to its associated enterprise on cost-plus basis. The tribunal excluded multiple comparables including Tata Elxsi Limited, Persistent Systems Limited, Aspire Systems, Infosys Limited, Thirdware Solutions Limited, and Cybage Software Private Limited due to functional dissimilarity, diversified activities, turnover filters, and extraordinary events. However, it retained Larsen & Toubro Infotech Limited and Infobeans Technologies Limited as the appellant had originally selected them as comparables. The tribunal also rejected the appellant's argument regarding bad debt provisions being operating in nature for profit level indicator computation. en-us Fri, 16 May 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773419 ITAT Hyderabad ruled on transfer pricing comparable selection for a software development company providing services to its associated enterprise on cost-plus basis. The tribunal excluded multiple comparables including Tata Elxsi Limited, Persistent Systems Limited, Aspire Systems, Infosys Limited, Thirdware Solutions Limited, and Cybage Software Private Limited due to functional dissimilarity, diversified activities, turnover filters, and extraordinary events. However, it retained Larsen & Toubro Infotech Limited and Infobeans Technologies Limited as the appellant had originally selected them as comparables. The tribunal also rejected the appellant's argument regarding bad debt provisions being operating in nature for profit level indicator computation. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773419