Legal8 April 2026 at 12:21 pm
ITAT Partially Allows Xchanging Solutions' Appeal on Transfer Pricing Adjustments for FY 2010-11
AI Summary
Xchanging Solutions Ltd. has received a partial victory in a Transfer Pricing related litigation for the financial year 2010-11. The Income Tax Appellate Tribunal (ITAT), Bangalore, has passed an order on April 06, 2026, directing the Assessing Officer to recompute the transfer pricing adjustment after excluding certain comparables. This order does not have a material impact on the financials or operations of the company.
Key Highlights
- ITAT partly allows Xchanging Solutions' appeal for Assessment Year 2011-12
- Order directs recomputation of transfer pricing adjustment
- Certain comparables to be excluded in determining arm's length price
- No material impact on financials or operations
- Regulation 30(7) of SEBI Listing Regulations complied with