https://www.taxtmi.com/caselaws?id=256242 The Appellate Tribunal ITAT Hyderabad allowed a miscellaneous application seeking rectification of a mistake in the original order related to Transfer Pricing adjustment. The Tribunal rectified the mistake by deleting the direction to consider data from subsequent years for comparability analysis, which was found to contravene Rule 10B(4) of the I.T. Rules, 1962. This decision emphasized adherence to statutory provisions and established interpretations in Transfer Pricing matters, showcasing the importance of complying with legal requirements in tax cases. en-us Fri, 09 Jan 2015 00:00:00 +0530 Sun, 03 May 2015 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256242 The Appellate Tribunal ITAT Hyderabad allowed a miscellaneous application seeking rectification of a mistake in the original order related to Transfer Pricing adjustment. The Tribunal rectified the mistake by deleting the direction to consider data from subsequent years for comparability analysis, which was found to contravene Rule 10B(4) of the I.T. Rules, 1962. This decision emphasized adherence to statutory provisions and established interpretations in Transfer Pricing matters, showcasing the importance of complying with legal requirements in tax cases. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256242