https://www.taxtmi.com/caselaws?id=259030 For transfer pricing analysis, companies affected by extraordinary events such as acquisition, amalgamation or demerger during the relevant year are not reliable uncontrolled comparables because those events materially alter their functional profile. Eclerx Services Ltd. and Mold-Tek Technologies Ltd. were therefore excluded from the final comparable set, reducing the transfer pricing adjustment in the assessee's favour. The short-credit of TDS was not finally decided and was restored for verification at the assessment stage. The levy of interest under sections 234B and 234C was treated as mandatory and consequential, so no substantive relief was granted on that ground. en-us Fri, 06 Feb 2015 00:00:00 +0530 Tue, 28 Apr 2015 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259030 For transfer pricing analysis, companies affected by extraordinary events such as acquisition, amalgamation or demerger during the relevant year are not reliable uncontrolled comparables because those events materially alter their functional profile. Eclerx Services Ltd. and Mold-Tek Technologies Ltd. were therefore excluded from the final comparable set, reducing the transfer pricing adjustment in the assessee's favour. The short-credit of TDS was not finally decided and was restored for verification at the assessment stage. The levy of interest under sections 234B and 234C was treated as mandatory and consequential, so no substantive relief was granted on that ground. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259030