https://www.taxtmi.com/caselaws?id=177288 The Tribunal partly allowed the appeal, dismissing grounds related to search analysis rejection, inappropriate comparables selection, and penalty proceedings initiation. It upheld correct margins of comparable companies and ALP computation, resulting in no transfer pricing adjustment. Emphasizing the importance of contemporaneous data, the Tribunal upheld the TPO's methodology while excluding inappropriate comparables. The order was pronounced on October 31, 2011. en-us Mon, 31 Oct 2011 00:00:00 +0530 Mon, 18 Sep 2017 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177288 The Tribunal partly allowed the appeal, dismissing grounds related to search analysis rejection, inappropriate comparables selection, and penalty proceedings initiation. It upheld correct margins of comparable companies and ALP computation, resulting in no transfer pricing adjustment. Emphasizing the importance of contemporaneous data, the Tribunal upheld the TPO's methodology while excluding inappropriate comparables. The order was pronounced on October 31, 2011. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177288