https://www.taxtmi.com/caselaws?id=260062 In transfer pricing under the transactional net margin method, comparable companies could not be excluded solely because their percentage use of Penicillin-G as a raw material differed where the filter did not prescribe any minimum quantitative threshold. The Tribunal found Torrent Gujarat Biotech Limited and Standard Pharmaceuticals Limited functionally comparable, and accepted Standard Pharmaceuticals Limited as a comparable despite its lower Penicillin-G usage; that view was held to be plausible and non-perverse, so no substantial question of law arose and their inclusion was upheld. The objection based on negative net worth was not entertained because it had not been raised before the authorities and was treated as a factual issue. en-us Wed, 27 May 2015 00:00:00 +0530 Sat, 30 May 2015 11:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260062 In transfer pricing under the transactional net margin method, comparable companies could not be excluded solely because their percentage use of Penicillin-G as a raw material differed where the filter did not prescribe any minimum quantitative threshold. The Tribunal found Torrent Gujarat Biotech Limited and Standard Pharmaceuticals Limited functionally comparable, and accepted Standard Pharmaceuticals Limited as a comparable despite its lower Penicillin-G usage; that view was held to be plausible and non-perverse, so no substantial question of law arose and their inclusion was upheld. The objection based on negative net worth was not entertained because it had not been raised before the authorities and was treated as a factual issue. Case-Laws Income Tax Wed, 27 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260062