https://www.taxtmi.com/caselaws?id=463456 ITAT, BANGALORE - AT remitted multiple comparable selection issues to the AO/TPO for fresh functional and financial re-appraisal, directing reconsideration of several specific comparables and dismissing one challenge where the assessee failed to contest before the DRP. The tribunal restricted TP adjustment to the proportionate value of the international transaction's cost. It ordered netting of lease rentals received against lease payments for the same premises and directed receipt from non-employee canteen/support services to be netted against related expenditures. The tribunal also held export incentives must be included as part of the assessee's business income. en-us Wed, 15 May 2024 00:00:00 +0530 Tue, 02 Sep 2025 19:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463456 ITAT, BANGALORE - AT remitted multiple comparable selection issues to the AO/TPO for fresh functional and financial re-appraisal, directing reconsideration of several specific comparables and dismissing one challenge where the assessee failed to contest before the DRP. The tribunal restricted TP adjustment to the proportionate value of the international transaction's cost. It ordered netting of lease rentals received against lease payments for the same premises and directed receipt from non-employee canteen/support services to be netted against related expenditures. The tribunal also held export incentives must be included as part of the assessee's business income. Case-Laws Income Tax Wed, 15 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463456