https://www.taxtmi.com/caselaws?id=343233 The case involved a challenge to an order by the assessing officer regarding Engineering services provided to Associated Enterprises. The assessee used the Transactional Net Margin Method (TNMM) to benchmark its international transactions and identified comparable companies. The Taxation authority rejected certain comparables without reasons and applied a turnover filter. The judgment held that Government Companies are not comparable and directed a re-examination of comparables with a revised turnover filter. The issue was sent back for fresh examination, and the assessee's appeal was allowed. en-us Wed, 17 May 2017 00:00:00 +0530 Mon, 22 May 2017 07:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343233 The case involved a challenge to an order by the assessing officer regarding Engineering services provided to Associated Enterprises. The assessee used the Transactional Net Margin Method (TNMM) to benchmark its international transactions and identified comparable companies. The Taxation authority rejected certain comparables without reasons and applied a turnover filter. The judgment held that Government Companies are not comparable and directed a re-examination of comparables with a revised turnover filter. The issue was sent back for fresh examination, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343233