https://www.taxtmi.com/caselaws?id=186905 The Tribunal allowed the appeal, directing the Transfer Pricing Officer (TPO) to exclude four contested comparable companies and to re-examine the Profit Level Indicator (PLI) for the assessee's international transactions. The disputed comparables, including E-Infochips Bangalore Ltd., Kals Information Systems Ltd., Tata Elxsi Ltd., and L & T Infotech Ltd., were deemed incomparable due to functional differences and lack of segmental data. The Tribunal's decision favored the assessee, with the order pronounced in open court on 08.01.2016. en-us Fri, 08 Jan 2016 00:00:00 +0530 Tue, 04 Oct 2016 11:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186905 The Tribunal allowed the appeal, directing the Transfer Pricing Officer (TPO) to exclude four contested comparable companies and to re-examine the Profit Level Indicator (PLI) for the assessee's international transactions. The disputed comparables, including E-Infochips Bangalore Ltd., Kals Information Systems Ltd., Tata Elxsi Ltd., and L & T Infotech Ltd., were deemed incomparable due to functional differences and lack of segmental data. The Tribunal's decision favored the assessee, with the order pronounced in open court on 08.01.2016. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186905