https://www.taxtmi.com/caselaws?id=192090 The Tribunal partly allowed the assessee's appeal by remitting the issue of excluding certain companies from the list of comparables back to the Transfer Pricing Officer for redetermination. The appeal was dismissed as infructuous. The Tribunal upheld the exclusion of rental income from operating income and directed consideration of only transactions with Associated Enterprises for Arm's Length Price computation. It was also held that transactions with Matrix Laboratories were not international transactions, allowing related grounds. en-us Fri, 29 Jan 2016 00:00:00 +0530 Sat, 13 May 2017 08:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192090 The Tribunal partly allowed the assessee's appeal by remitting the issue of excluding certain companies from the list of comparables back to the Transfer Pricing Officer for redetermination. The appeal was dismissed as infructuous. The Tribunal upheld the exclusion of rental income from operating income and directed consideration of only transactions with Associated Enterprises for Arm's Length Price computation. It was also held that transactions with Matrix Laboratories were not international transactions, allowing related grounds. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192090