https://www.taxtmi.com/caselaws?id=334309 Transfer pricing comparability requires financial-year data for the same period as the tested party; where the relevant figures cannot be directly verified from annual accounts without interpolation, extrapolation, apportionment or truncation, the company is not a valid comparable. On remand, the scope of further proceedings is limited to issues actually raised before the first appellate authority and left undecided; the entire transfer pricing exercise cannot be reopened de novo. The matter was restored for limited reconsideration of the comparable and other undisposed issues, and the appeal succeeded only for statistical purposes. en-us Wed, 28 Sep 2016 00:00:00 +0530 Wed, 09 Nov 2016 15:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334309 Transfer pricing comparability requires financial-year data for the same period as the tested party; where the relevant figures cannot be directly verified from annual accounts without interpolation, extrapolation, apportionment or truncation, the company is not a valid comparable. On remand, the scope of further proceedings is limited to issues actually raised before the first appellate authority and left undecided; the entire transfer pricing exercise cannot be reopened de novo. The matter was restored for limited reconsideration of the comparable and other undisposed issues, and the appeal succeeded only for statistical purposes. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334309