https://www.taxtmi.com/caselaws?id=191831 The Income Tax Appellate Tribunal (ITAT) dismissed the appeal in a case involving the exclusion of comparables in a transfer pricing exercise and the refusal to apply Safe Harbour Rules for foreign exchange gain exclusion. The ITAT found that the companies excluded were not functionally similar and lacked necessary data, justifying their exclusion. It was ruled that the Safe Harbour Rules were not applicable for the relevant assessment year, leading to the dismissal of the appeal by the Revenue. en-us Wed, 04 May 2016 00:00:00 +0530 Wed, 26 Apr 2017 11:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191831 The Income Tax Appellate Tribunal (ITAT) dismissed the appeal in a case involving the exclusion of comparables in a transfer pricing exercise and the refusal to apply Safe Harbour Rules for foreign exchange gain exclusion. The ITAT found that the companies excluded were not functionally similar and lacked necessary data, justifying their exclusion. It was ruled that the Safe Harbour Rules were not applicable for the relevant assessment year, leading to the dismissal of the appeal by the Revenue. Case-Laws Income Tax Wed, 04 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191831