https://www.taxtmi.com/caselaws?id=345656 The Tribunal allowed the appeal, directing the AO/TPO to exclude functionally different companies from the list of comparables, reexamine economic analysis, make adjustments under Section 92CA(3) with specified circumstances, include companies with data extrapolation, reconsider comparables based on various criteria, allow suitable adjustments for working capital differences, and reexamine disallowance of payments to Adobe USA under Section 40(a)(i). The Tribunal emphasized a reasonable approach in selecting/rejecting comparables and instructed the AO/TPO to redetermine the arm's length price accordingly. en-us Thu, 09 Feb 2017 00:00:00 +0530 Mon, 24 Jul 2017 06:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345656 The Tribunal allowed the appeal, directing the AO/TPO to exclude functionally different companies from the list of comparables, reexamine economic analysis, make adjustments under Section 92CA(3) with specified circumstances, include companies with data extrapolation, reconsider comparables based on various criteria, allow suitable adjustments for working capital differences, and reexamine disallowance of payments to Adobe USA under Section 40(a)(i). The Tribunal emphasized a reasonable approach in selecting/rejecting comparables and instructed the AO/TPO to redetermine the arm's length price accordingly. Case-Laws Income Tax Thu, 09 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345656