https://www.taxtmi.com/caselaws?id=186043 The taxpayer's appeal challenging transfer pricing adjustments was allowed by the Tribunal for statistical purposes. The Tribunal directed the exclusion of functionally dissimilar comparables, including IL & FS Transportation Networks Ltd. and RITES Ltd., and instructed the TPO to reconsider capital utilization and risk adjustments. The decision emphasized the significance of functional comparability and the requirement for reliable data in transfer pricing assessments. en-us Fri, 20 Nov 2015 00:00:00 +0530 Tue, 06 Sep 2016 13:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186043 The taxpayer's appeal challenging transfer pricing adjustments was allowed by the Tribunal for statistical purposes. The Tribunal directed the exclusion of functionally dissimilar comparables, including IL & FS Transportation Networks Ltd. and RITES Ltd., and instructed the TPO to reconsider capital utilization and risk adjustments. The decision emphasized the significance of functional comparability and the requirement for reliable data in transfer pricing assessments. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186043