https://www.taxtmi.com/caselaws?id=203868 ITAT, CHANDIGARH - AT remanded the matter to the Assessing Officer, holding that where the variation between the ALP so determined and the actual international transaction price does not exceed 5% of the latter, the actual price shall be deemed the ALP. The Tribunal allowed the appeal for statistical purposes and directed fresh proceedings to permit the assessee to place relevant facts, preferring substantial justice over technicalities. The Tribunal rejected the assessee's challenge to exclusion of a particular comparable (Immercus), finding material functional, turnover and net-worth differences, and held that mere losses do not automatically disqualify a comparable. en-us Thu, 22 Oct 2009 00:00:00 +0530 Tue, 02 Sep 2025 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203868 ITAT, CHANDIGARH - AT remanded the matter to the Assessing Officer, holding that where the variation between the ALP so determined and the actual international transaction price does not exceed 5% of the latter, the actual price shall be deemed the ALP. The Tribunal allowed the appeal for statistical purposes and directed fresh proceedings to permit the assessee to place relevant facts, preferring substantial justice over technicalities. The Tribunal rejected the assessee's challenge to exclusion of a particular comparable (Immercus), finding material functional, turnover and net-worth differences, and held that mere losses do not automatically disqualify a comparable. Case-Laws Income Tax Thu, 22 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203868