https://www.taxtmi.com/caselaws?id=261477 The Revenue's appeal against the CIT (Appeals) order on reducing the addition for Arms Length Price in an international transaction was dismissed by the Tribunal. The Tribunal upheld the CIT (Appeals)'s consideration of correct financial data for benchmarking and acceptance of pro rata data. The assessee's cross-objection succeeded in part, with the Tribunal allowing fresh comparables, exclusion of a comparable company based on precedent, and exclusion of bad debts from operational costs. The Tribunal remanded one issue for fresh adjudication by the Assessing Officer. Ultimately, the Revenue's appeal was dismissed, and the assessee's cross-objection was partially allowed. en-us Thu, 19 Feb 2015 00:00:00 +0530 Sat, 30 May 2015 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261477 The Revenue's appeal against the CIT (Appeals) order on reducing the addition for Arms Length Price in an international transaction was dismissed by the Tribunal. The Tribunal upheld the CIT (Appeals)'s consideration of correct financial data for benchmarking and acceptance of pro rata data. The assessee's cross-objection succeeded in part, with the Tribunal allowing fresh comparables, exclusion of a comparable company based on precedent, and exclusion of bad debts from operational costs. The Tribunal remanded one issue for fresh adjudication by the Assessing Officer. Ultimately, the Revenue's appeal was dismissed, and the assessee's cross-objection was partially allowed. Case-Laws Income Tax Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261477