https://www.taxtmi.com/caselaws?id=777957 ITAT, BANGALORE (AT) held that two giant ITES companies with turnover vastly exceeding the assessee are not comparable and must be excluded from TP comparables; directed the TPO to recompute the ALP shortfall after their exclusion. The tribunal upheld exclusion of several other entities that were not part of the TPO's search/accept-reject matrix, and sustained inclusion of a comparable whose margins reflected valid variation. The AO was directed to verify and allow set-off of current year losses in computing income from the TP adjustments in accordance with law. en-us Thu, 04 Sep 2025 00:00:00 +0530 Sat, 09 May 2026 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777957 ITAT, BANGALORE (AT) held that two giant ITES companies with turnover vastly exceeding the assessee are not comparable and must be excluded from TP comparables; directed the TPO to recompute the ALP shortfall after their exclusion. The tribunal upheld exclusion of several other entities that were not part of the TPO's search/accept-reject matrix, and sustained inclusion of a comparable whose margins reflected valid variation. The AO was directed to verify and allow set-off of current year losses in computing income from the TP adjustments in accordance with law. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777957