https://www.taxtmi.com/caselaws?id=186252 The Tribunal directed the AO/TPO to exclude Celestial Biolabs Ltd. from the final set of comparables and to verify the assessee's claim that the arithmetic mean of the comparables would fall within the acceptable range after this exclusion, thus deleting the TP adjustment. The issue of setting off brought forward depreciation losses was remitted to the AO for fresh consideration in line with the Tribunal's decision in S.R.A. Systems Ltd. The appeal was partly allowed for statistical purposes. en-us Wed, 30 Dec 2015 00:00:00 +0530 Mon, 12 Sep 2016 16:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186252 The Tribunal directed the AO/TPO to exclude Celestial Biolabs Ltd. from the final set of comparables and to verify the assessee's claim that the arithmetic mean of the comparables would fall within the acceptable range after this exclusion, thus deleting the TP adjustment. The issue of setting off brought forward depreciation losses was remitted to the AO for fresh consideration in line with the Tribunal's decision in S.R.A. Systems Ltd. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 30 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186252