https://www.taxtmi.com/caselaws?id=183138 The High Court upheld the Tribunal's decision to consider Capital Trust Limited as a comparable despite being a loss-making unit, based on the finding that it was not persistently loss-making. Spanco Telesystems and Solutions Ltd. was excluded as a comparable due to functional differences. The Tribunal's reliance on Carlyle India Advisors Pvt. Ltd. for determining the Arms Length Price was deemed appropriate, as the comparables used were suitable for the services provided. The Court dismissed the appeal, ruling that no substantial questions of law were raised, and no costs were awarded. en-us Mon, 04 Apr 2016 00:00:00 +0530 Wed, 24 Jun 2026 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183138 The High Court upheld the Tribunal's decision to consider Capital Trust Limited as a comparable despite being a loss-making unit, based on the finding that it was not persistently loss-making. Spanco Telesystems and Solutions Ltd. was excluded as a comparable due to functional differences. The Tribunal's reliance on Carlyle India Advisors Pvt. Ltd. for determining the Arms Length Price was deemed appropriate, as the comparables used were suitable for the services provided. The Court dismissed the appeal, ruling that no substantial questions of law were raised, and no costs were awarded. Case-Laws Income Tax Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183138