https://www.taxtmi.com/caselaws?id=253112 The Tribunal upheld the Dispute Resolution Panel's directions to exclude certain comparables due to functional dissimilarity and consistent losses. The Revenue's appeal was dismissed due to low tax effect, and the assessee's cross-objection was deemed academic. The decision highlighted the significance of functional comparability in determining the Arm's Length Price and the necessity to adhere to Central Board of Direct Taxes guidelines on tax effect for appeal maintainability. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 15 Nov 2014 15:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253112 The Tribunal upheld the Dispute Resolution Panel's directions to exclude certain comparables due to functional dissimilarity and consistent losses. The Revenue's appeal was dismissed due to low tax effect, and the assessee's cross-objection was deemed academic. The decision highlighted the significance of functional comparability in determining the Arm's Length Price and the necessity to adhere to Central Board of Direct Taxes guidelines on tax effect for appeal maintainability. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253112