https://www.taxtmi.com/highlights?id=99615 Applying a 25% related-party transaction filter, the Tribunal excluded Liquidhub Analytics Private Limited because its RPT level exceeded the prescribed threshold and it could not be treated as an uncontrolled comparable. It held that the search matrix is only a tool for identifying comparables, so rejection of the assessee's proposed comparables merely for absence from that matrix was unsustainable; the matter was remitted for fresh FAR analysis and filter-based examination. The Tribunal also required parity between cost and revenue in ESOP reimbursement under a cost-plus model, directed fresh working capital adjustment analysis, and upheld receivables adjustment in principle while requiring recomputation at LIBOR plus 200 basis points for delay beyond the agreed credit period. en-us Sat, 09 May 2026 07:36:07 +0530 Sat, 09 May 2026 07:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=99615 Applying a 25% related-party transaction filter, the Tribunal excluded Liquidhub Analytics Private Limited because its RPT level exceeded the prescribed threshold and it could not be treated as an uncontrolled comparable. It held that the search matrix is only a tool for identifying comparables, so rejection of the assessee's proposed comparables merely for absence from that matrix was unsustainable; the matter was remitted for fresh FAR analysis and filter-based examination. The Tribunal also required parity between cost and revenue in ESOP reimbursement under a cost-plus model, directed fresh working capital adjustment analysis, and upheld receivables adjustment in principle while requiring recomputation at LIBOR plus 200 basis points for delay beyond the agreed credit period. Highlights Income Tax Sat, 09 May 2026 07:36:07 +0530 https://www.taxtmi.com/highlights?id=99615