https://www.taxtmi.com/caselaws?id=775421 The ITAT Delhi directed exclusion of Cybage Software P. Ltd., Sagarsoft (India) Ltd., and Nihilent Ltd. from the list of comparables due to lack of segmental data, absence of product development, and extraordinary business acquisition respectively. Conversely, R Systems Ltd. and Infomile Technologies Ltd. were ordered to be included as suitable comparables based on financial data and functional similarity. Regarding adjustment for outstanding receivables, the AO/TPO was instructed to verify if working capital adjustments already account for credit period effects; if so, no separate adjustment for delayed receivables is warranted. en-us Thu, 03 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775421 The ITAT Delhi directed exclusion of Cybage Software P. Ltd., Sagarsoft (India) Ltd., and Nihilent Ltd. from the list of comparables due to lack of segmental data, absence of product development, and extraordinary business acquisition respectively. Conversely, R Systems Ltd. and Infomile Technologies Ltd. were ordered to be included as suitable comparables based on financial data and functional similarity. Regarding adjustment for outstanding receivables, the AO/TPO was instructed to verify if working capital adjustments already account for credit period effects; if so, no separate adjustment for delayed receivables is warranted. Case-Laws Income Tax Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775421