https://www.taxtmi.com/caselaws?id=240137 ITAT Mumbai excluded certain comparables in the TNMM transfer pricing analysis. Vishal Information Technologies Ltd was excluded as it outsourced a significant portion of its business, unlike the assessee. CMC Limited was rejected because its related party transactions exceeded 25% of total revenue, following the principle that comparables must have RPTs below this threshold. R Systems International Ltd was excluded due to mismatched financial year-ends with the assessee, as comparability requires identical year-end periods to avoid data distortion. These exclusions ensured only appropriate comparables were used for accurate transfer pricing determination. en-us Thu, 28 Feb 2013 00:00:00 +0530 Mon, 04 Aug 2025 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240137 ITAT Mumbai excluded certain comparables in the TNMM transfer pricing analysis. Vishal Information Technologies Ltd was excluded as it outsourced a significant portion of its business, unlike the assessee. CMC Limited was rejected because its related party transactions exceeded 25% of total revenue, following the principle that comparables must have RPTs below this threshold. R Systems International Ltd was excluded due to mismatched financial year-ends with the assessee, as comparability requires identical year-end periods to avoid data distortion. These exclusions ensured only appropriate comparables were used for accurate transfer pricing determination. Case-Laws Income Tax Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240137