https://www.taxtmi.com/caselaws?id=190892 The case involved disputes over the selection of comparables for determining the Arm's Length Price (ALP) and the application of filters by the Transfer Pricing Officer (TPO). The court accepted some objections from the assessee, excluded certain companies, and directed the TPO to re-calculate the ALP. Functional differences between Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) were considered, leading to the exclusion of specific companies. Computational errors in the margin of comparable companies were addressed, and the importance of consistent and reliable financial data was emphasized. Both the assessee's and Revenue's appeals were partly allowed, resulting in a final adjustment of Rs. 17,90,40,176/-, with specific directions for inclusion and exclusion of companies based on functional comparability and financial data reliability. en-us Wed, 27 Jul 2016 00:00:00 +0530 Fri, 17 Nov 2017 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190892 The case involved disputes over the selection of comparables for determining the Arm's Length Price (ALP) and the application of filters by the Transfer Pricing Officer (TPO). The court accepted some objections from the assessee, excluded certain companies, and directed the TPO to re-calculate the ALP. Functional differences between Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) were considered, leading to the exclusion of specific companies. Computational errors in the margin of comparable companies were addressed, and the importance of consistent and reliable financial data was emphasized. Both the assessee's and Revenue's appeals were partly allowed, resulting in a final adjustment of Rs. 17,90,40,176/-, with specific directions for inclusion and exclusion of companies based on functional comparability and financial data reliability. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190892