https://www.taxtmi.com/caselaws?id=239640 The Tribunal upheld the decision to exclude Hinduja TMT Limited as a comparable company due to related party transactions. It emphasized the use of current year data for determining OP/TC margin, rejecting the TPO's use of multiple-year data. The rejection of a comparable company by the TPO was not considered, and issues regarding mark up on recharges and disturbing margins using past financials were dismissed. As a result, no transfer pricing adjustment was warranted, and the department's appeal on various grounds was dismissed. en-us Wed, 13 Nov 2013 00:00:00 +0530 Mon, 30 Mar 2015 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239640 The Tribunal upheld the decision to exclude Hinduja TMT Limited as a comparable company due to related party transactions. It emphasized the use of current year data for determining OP/TC margin, rejecting the TPO's use of multiple-year data. The rejection of a comparable company by the TPO was not considered, and issues regarding mark up on recharges and disturbing margins using past financials were dismissed. As a result, no transfer pricing adjustment was warranted, and the department's appeal on various grounds was dismissed. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239640