{"id":36563,"date":"2023-09-01T16:48:04","date_gmt":"2023-09-01T11:18:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/barracuda-networks-india-p-ltd-v-dy-cit-202295-itr-350-bang-trib\/"},"modified":"2023-09-01T16:48:04","modified_gmt":"2023-09-01T11:18:04","slug":"barracuda-networks-india-p-ltd-v-dy-cit-202295-itr-350-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/barracuda-networks-india-p-ltd-v-dy-cit-202295-itr-350-bang-trib\/","title":{"rendered":"Barracuda Networks India P. Ltd. v.Dy. CIT (2022)95 ITR 350 (Bang) (Trib)"},"content":{"rendered":"<p>Held that companies whose turnover in the current year was more than Rs. 200 crores were to be excluded from the list of comparable companies. Functionally similar companies cannot be excluded from list of\u00a0 comparables. Working capital adjustment\u00a0 is directed to examine as per OECD guidelines.\u00a0 As regards interest on delayed realisation of\u00a0 trade receivables, prime lending rate not to be considered for determining interest rate.\u00a0 Matter remanded. <em>(<\/em>AY.2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparables-Turnover more than Rs. 200 Crores to be excluded from list of  comparables-Functionally similar companies cannot be excluded from list of  comparables&#8211;Working capital adjustment-Directed to examine as per OECD guidelines&#8211;Interest on delayed realisation of  trade receivables-Prime lending rate not to be considered for determining interest rate-Matter remanded.   [S.92CA] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-36563","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9vJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=36563"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36563\/revisions"}],"predecessor-version":[{"id":36564,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36563\/revisions\/36564"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}