https://www.taxtmi.com/caselaws?id=192960 The Tribunal allowed the appeal in favor of the assessee, directing the exclusion of certain comparables for Transfer Pricing, resulting in the nullification of the transfer pricing adjustment. Additionally, the Tribunal ruled in favor of the assessee regarding the setting off of losses incurred by the domestic unit against the income from the SEZ unit eligible for relief under section 10A. The Tribunal also corrected the re-computation of relief under section 10A, allowing the relief as claimed by the assessee. The decision highlighted the significance of functional comparability and adherence to judicial precedents in transfer pricing and tax matters. en-us Fri, 23 Oct 2015 00:00:00 +0530 Thu, 06 Jul 2017 08:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192960 The Tribunal allowed the appeal in favor of the assessee, directing the exclusion of certain comparables for Transfer Pricing, resulting in the nullification of the transfer pricing adjustment. Additionally, the Tribunal ruled in favor of the assessee regarding the setting off of losses incurred by the domestic unit against the income from the SEZ unit eligible for relief under section 10A. The Tribunal also corrected the re-computation of relief under section 10A, allowing the relief as claimed by the assessee. The decision highlighted the significance of functional comparability and adherence to judicial precedents in transfer pricing and tax matters. Case-Laws Income Tax Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192960