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2022 (11) TMI 1365 - ITAT BANGALORE
TP adjustment - IT and Management Support Charges - HELD THAT:- We hold that the issue of administrative and marketing support services is part of the operating cost and no separate adjustment is warranted.
Interest charged on outstanding receivable - HELD THAT:- As relying on own case [2022 (7) TMI 1417 - ITAT BANGALORE] for the purpose of interest on delayed receivables, it would be appropriate to direct the AO to consider LIBOR + 3%. For this purpose, we place reliance on case of Xchanging Solutions Ltd. [2022 (8) TMI 1388 - ITAT BANGALORE]
Non-consideration of setoff of brought forward depreciation loss from prior year - HELD THAT:- AO is directed to verify and allow the same in accordance with law.