https://www.taxtmi.com/caselaws?id=328117 Transfer pricing adjustment was held unsustainable where the assessee's comparables had been accepted in earlier and later years on unchanged facts, no material change in business profile was shown, and the tested margin remained within the arm's length range. The rejection of comparables lacked adequate reasoning, so the adjustment was deleted. The related addition was also not permissible in book profit computation under section 115JB, because that provision is a self-contained code and only expressly authorised adjustments can be made. The transfer pricing addition was therefore deleted for both normal assessment and book profit purposes. en-us Fri, 22 Apr 2016 00:00:00 +0530 Thu, 26 May 2016 08:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328117 Transfer pricing adjustment was held unsustainable where the assessee's comparables had been accepted in earlier and later years on unchanged facts, no material change in business profile was shown, and the tested margin remained within the arm's length range. The rejection of comparables lacked adequate reasoning, so the adjustment was deleted. The related addition was also not permissible in book profit computation under section 115JB, because that provision is a self-contained code and only expressly authorised adjustments can be made. The transfer pricing addition was therefore deleted for both normal assessment and book profit purposes. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328117