https://www.taxtmi.com/caselaws?id=463454 ITAT BANGALORE - AT held that a specified software firm is not comparable for TP adjustments because its functional profile, assets and risks differ from the assessee. Inclusion of eight other industry entities was set aside and remitted to the AO/TPO for fresh consideration with opportunity to be heard. The tribunal allowed depreciation on goodwill, finding the acquisition to be a slump sale and rejecting the AO's disallowance. The AO was directed to examine and grant tax credit for TDS claimed by the assessee based on evidence. en-us Thu, 09 Feb 2023 00:00:00 +0530 Tue, 02 Sep 2025 19:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463454 ITAT BANGALORE - AT held that a specified software firm is not comparable for TP adjustments because its functional profile, assets and risks differ from the assessee. Inclusion of eight other industry entities was set aside and remitted to the AO/TPO for fresh consideration with opportunity to be heard. The tribunal allowed depreciation on goodwill, finding the acquisition to be a slump sale and rejecting the AO's disallowance. The AO was directed to examine and grant tax credit for TDS claimed by the assessee based on evidence. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463454