https://www.taxtmi.com/caselaws?id=262126 The court upheld the Dispute Resolution Panel's decision to exclude certain comparable companies in a transfer pricing study based on brand value and turnover criteria. The court remitted one issue back to the DRP for clarification due to discrepancies in reasoning for exclusion. The exclusion of companies based on business nature and financial impact was upheld, with a focus on extraordinary events and nature of services provided. The treatment of telecommunication charges in total turnover computation was affirmed, aligning with the Income Tax Act and previous court decisions. en-us Wed, 29 Jul 2015 00:00:00 +0530 Mon, 03 Aug 2015 11:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262126 The court upheld the Dispute Resolution Panel's decision to exclude certain comparable companies in a transfer pricing study based on brand value and turnover criteria. The court remitted one issue back to the DRP for clarification due to discrepancies in reasoning for exclusion. The exclusion of companies based on business nature and financial impact was upheld, with a focus on extraordinary events and nature of services provided. The treatment of telecommunication charges in total turnover computation was affirmed, aligning with the Income Tax Act and previous court decisions. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262126