https://www.taxtmi.com/caselaws?id=346281 The Tribunal partly allowed the cross appeals in a transfer pricing case involving issues such as adjustment to the Arm's Length Price (ALP) and computation of deduction u/s 10A. It directed the AO/TPO to reevaluate the arms-length price and 10A deduction, emphasizing the significance of functional comparability and appropriate filters for related party transactions. The Tribunal set aside certain issues for further verification and instructed the authorities to reconsider companies for comparability based on functional similarities and related party transactions. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 08 Aug 2017 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346281 The Tribunal partly allowed the cross appeals in a transfer pricing case involving issues such as adjustment to the Arm's Length Price (ALP) and computation of deduction u/s 10A. It directed the AO/TPO to reevaluate the arms-length price and 10A deduction, emphasizing the significance of functional comparability and appropriate filters for related party transactions. The Tribunal set aside certain issues for further verification and instructed the authorities to reconsider companies for comparability based on functional similarities and related party transactions. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346281