https://www.taxtmi.com/caselaws?id=240143 The Tribunal concluded that the selection of Madras Aluminium Co. Ltd. (MALCO) as a comparable company for determining the Arm's Length Price (ALP) of international transactions with Associated Enterprises was inappropriate due to significant differences in business operations. As a result, the adjustment made by the Transfer Pricing Officer (TPO) and Assessing Officer (AO) was deleted. Issues regarding disallowance under section 35AC and addition on account of donation were remanded to the AO for further review. The appeal was partially allowed for statistical purposes. en-us Thu, 14 Mar 2013 00:00:00 +0530 Wed, 27 Nov 2013 01:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240143 The Tribunal concluded that the selection of Madras Aluminium Co. Ltd. (MALCO) as a comparable company for determining the Arm's Length Price (ALP) of international transactions with Associated Enterprises was inappropriate due to significant differences in business operations. As a result, the adjustment made by the Transfer Pricing Officer (TPO) and Assessing Officer (AO) was deleted. Issues regarding disallowance under section 35AC and addition on account of donation were remanded to the AO for further review. The appeal was partially allowed for statistical purposes. Case-Laws Income Tax Thu, 14 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240143