https://www.taxtmi.com/caselaws?id=206814 The Tribunal held that companies FI and ME should be excluded from the list of comparables due to their different functional profiles and controlled transactions. The Tribunal directed the Assessing Officer/Transfer Pricing Officer to re-examine the comparability of companies HT and DT based on relevant factors, setting aside the CIT(A)'s decision to exclude them solely based on high-profit margins. The appeal of the Revenue was partly allowed, and the cross-objection of the assessee was dismissed. en-us Fri, 23 Sep 2011 00:00:00 +0530 Fri, 11 Nov 2011 07:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206814 The Tribunal held that companies FI and ME should be excluded from the list of comparables due to their different functional profiles and controlled transactions. The Tribunal directed the Assessing Officer/Transfer Pricing Officer to re-examine the comparability of companies HT and DT based on relevant factors, setting aside the CIT(A)'s decision to exclude them solely based on high-profit margins. The appeal of the Revenue was partly allowed, and the cross-objection of the assessee was dismissed. Case-Laws Income Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206814