https://www.taxtmi.com/caselaws?id=777943 ITAT (Chennai) allowed the appeal, holding that severance pay is an extraordinary, non-operating expense and must be excluded from operating costs when computing margins for benchmarking. The tribunal directed the TPO to exclude several listed comparables as functionally dissimilar or affected by extraordinary profits, and upheld that a previously rejected comparable need not be reconsidered where facts remain the same. The assessment order was revised accordingly in favour of the assessee. en-us Mon, 04 Aug 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777943 ITAT (Chennai) allowed the appeal, holding that severance pay is an extraordinary, non-operating expense and must be excluded from operating costs when computing margins for benchmarking. The tribunal directed the TPO to exclude several listed comparables as functionally dissimilar or affected by extraordinary profits, and upheld that a previously rejected comparable need not be reconsidered where facts remain the same. The assessment order was revised accordingly in favour of the assessee. Case-Laws Income Tax Mon, 04 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777943