https://www.taxtmi.com/caselaws?id=155025 The tribunal partly allowed the appeal, remanding various issues to the Dispute Resolution Panel for proper verification and detailed reasoning. The tribunal found errors in the Transfer Pricing Officer's adjustments for software development and marketing support services, directing recalculations and verifications. It upheld the use of current year data over multiple years, exclusion of certain companies as comparables, and rejection of low-profit/loss making companies. The tribunal emphasized the need for accurate application of the +/- 5% range benefit under section 92C(2) of the Act. en-us Fri, 25 Feb 2011 00:00:00 +0530 Fri, 21 Apr 2023 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155025 The tribunal partly allowed the appeal, remanding various issues to the Dispute Resolution Panel for proper verification and detailed reasoning. The tribunal found errors in the Transfer Pricing Officer's adjustments for software development and marketing support services, directing recalculations and verifications. It upheld the use of current year data over multiple years, exclusion of certain companies as comparables, and rejection of low-profit/loss making companies. The tribunal emphasized the need for accurate application of the +/- 5% range benefit under section 92C(2) of the Act. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155025