https://www.taxtmi.com/caselaws?id=177452 The Tribunal partly allowed the appeal of the assessee in a transfer pricing adjustment case involving ITES. It directed the Assessing Officer to consider Pentamedia Graphics Ltd. as a comparable but upheld the exclusion of Ace Software Exports Ltd. Additionally, Accentia Technologies Ltd., Coral Hub Ltd., Cosmic Global Ltd., and Crossdomain Solutions Ltd. were excluded from comparables due to functional dissimilarities. The Tribunal did not address issues regarding risk adjustment, the 5 percent variation, penalty proceedings, or interest levy. en-us Mon, 02 Feb 2015 00:00:00 +0530 Sat, 09 Jan 2016 16:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177452 The Tribunal partly allowed the appeal of the assessee in a transfer pricing adjustment case involving ITES. It directed the Assessing Officer to consider Pentamedia Graphics Ltd. as a comparable but upheld the exclusion of Ace Software Exports Ltd. Additionally, Accentia Technologies Ltd., Coral Hub Ltd., Cosmic Global Ltd., and Crossdomain Solutions Ltd. were excluded from comparables due to functional dissimilarities. The Tribunal did not address issues regarding risk adjustment, the 5 percent variation, penalty proceedings, or interest levy. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177452