https://www.taxtmi.com/highlights?id=91269 The ITAT set aside the transfer pricing adjustment made on the non-binding investment advisory services, holding that the addition of a 22% markup on top of cost-plus reimbursement was unwarranted, as the assessee's margin exceeded that of comparable companies. The Tribunal directed the assessee to furnish extrapolated financial data for R Systems International Ltd. for appropriate comparability analysis concerning ITeS transactions. Regarding the GST refund addition raised via intimation under section 143(1), the ITAT declined to adjudicate as the issue was not part of the assessment proceedings and instructed the AO to expedite disposal of the pending rectification application under section 154. On interest under section 234A, the matter ..... en-us Tue, 05 Aug 2025 07:54:26 +0530 Tue, 05 Aug 2025 07:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91269 The ITAT set aside the transfer pricing adjustment made on the non-binding investment advisory services, holding that the addition of a 22% markup on top of cost-plus reimbursement was unwarranted, as the assessee's margin exceeded that of comparable companies. The Tribunal directed the assessee to furnish extrapolated financial data for R Systems International Ltd. for appropriate comparability analysis concerning ITeS transactions. Regarding the GST refund addition raised via intimation under section 143(1), the ITAT declined to adjudicate as the issue was not part of the assessment proceedings and instructed the AO to expedite disposal of the pending rectification application under section 154. On interest under section 234A, the matter ..... Highlights Income Tax Tue, 05 Aug 2025 07:54:26 +0530 https://www.taxtmi.com/highlights?id=91269