https://www.taxtmi.com/caselaws?id=184901 The Tribunal directed the Transfer Pricing Officer to exclude certain government-owned companies from the list of comparables due to lack of profit motive and significant differences. It upheld the exclusion of a company due to related party transactions and functional dissimilarities. However, it justified the inclusion of companies with broadly similar functional profiles, leading to a revised list of comparables. The economic adjustment request was rejected, and the issue of levying interest under specific sections of the Income Tax Act was not extensively addressed in the Tribunal's findings. en-us Tue, 08 Dec 2015 00:00:00 +0530 Sat, 23 Jul 2016 20:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184901 The Tribunal directed the Transfer Pricing Officer to exclude certain government-owned companies from the list of comparables due to lack of profit motive and significant differences. It upheld the exclusion of a company due to related party transactions and functional dissimilarities. However, it justified the inclusion of companies with broadly similar functional profiles, leading to a revised list of comparables. The economic adjustment request was rejected, and the issue of levying interest under specific sections of the Income Tax Act was not extensively addressed in the Tribunal's findings. Case-Laws Income Tax Tue, 08 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184901