https://www.taxtmi.com/caselaws?id=778159 ITAT restores the transfer-pricing issue to the AO, directing the assessee to benchmark outstanding receivables by the invoice currency; the DRP's LIBOR+350 bps rate is upheld as appropriate. AO to apply s.92CA, allow appropriate mark-up or reduction for risk, and consider the assessee's claim that a working-capital adjustment for Software/ITeS obviates a separate addition. A double addition made under s.143(1) and again in the final order is to be deleted. For computation under s.115JB, AO must use book profit of Rs. 118,10,19,785 as no draft assessment adjustment was made. Donation disallowance under s.80G is set aside and AO directed to allow the deduction. en-us Mon, 08 Sep 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778159 ITAT restores the transfer-pricing issue to the AO, directing the assessee to benchmark outstanding receivables by the invoice currency; the DRP's LIBOR+350 bps rate is upheld as appropriate. AO to apply s.92CA, allow appropriate mark-up or reduction for risk, and consider the assessee's claim that a working-capital adjustment for Software/ITeS obviates a separate addition. A double addition made under s.143(1) and again in the final order is to be deleted. For computation under s.115JB, AO must use book profit of Rs. 118,10,19,785 as no draft assessment adjustment was made. Donation disallowance under s.80G is set aside and AO directed to allow the deduction. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778159