https://www.taxtmi.com/caselaws?id=463859 ITAT (Bangalore) directed the TPO to apply an upper turnover filter and exclude comparables with turnover exceeding Rs.200 crore in the software development and ITeS segments, and to remove a specified comparable from the ITeS list. The tribunal held interest on outstanding receivables is a separate international transaction and instructed the TPO to compute interest at LIBOR+2% with a 30-day credit period. The matter of TDS and advance tax credit was remitted to the AO to consider amalgamation documents and allow credit in the transferee's name in accordance with law. en-us Mon, 27 Feb 2023 00:00:00 +0530 Thu, 18 Sep 2025 14:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463859 ITAT (Bangalore) directed the TPO to apply an upper turnover filter and exclude comparables with turnover exceeding Rs.200 crore in the software development and ITeS segments, and to remove a specified comparable from the ITeS list. The tribunal held interest on outstanding receivables is a separate international transaction and instructed the TPO to compute interest at LIBOR+2% with a 30-day credit period. The matter of TDS and advance tax credit was remitted to the AO to consider amalgamation documents and allow credit in the transferee's name in accordance with law. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463859