https://www.taxtmi.com/caselaws?id=773418 ITAT Hyderabad ruled on transfer pricing adjustments for a software development services company. The tribunal excluded seven companies from comparables including Tata Elexis, E-Infochips, Larsen & Tourbo Infotech, Infosys, Persistent Systems, Infobeans Technologies, and Thirdware Solutions, following precedent. However, it retained R S Software as comparable due to functional similarity and rejected exclusion of Mindtree due to diverse operations. The tribunal allowed working capital adjustment based on average opening/closing balances, directed separate benchmarking of interest on trade receivables at LIBOR plus 200 basis points with 60-day credit period, and allowed MAT credit subject to verification. en-us Mon, 05 May 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773418 ITAT Hyderabad ruled on transfer pricing adjustments for a software development services company. The tribunal excluded seven companies from comparables including Tata Elexis, E-Infochips, Larsen & Tourbo Infotech, Infosys, Persistent Systems, Infobeans Technologies, and Thirdware Solutions, following precedent. However, it retained R S Software as comparable due to functional similarity and rejected exclusion of Mindtree due to diverse operations. The tribunal allowed working capital adjustment based on average opening/closing balances, directed separate benchmarking of interest on trade receivables at LIBOR plus 200 basis points with 60-day credit period, and allowed MAT credit subject to verification. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773418