https://www.taxtmi.com/caselaws?id=350585 The Income Tax Appellate Tribunal (ITAT) upheld the assessee's challenge to the inclusion of three comparables in the ALP determination. The Court agreed with the ITAT's decision to exclude Ashok Leyland Projects Services Ltd., Kitco Ltd., and Mitcon Consultancy & Engineering Services Ltd. based on specific reasons related to their revenue sources and activities. The Court emphasized that the exclusion of comparables is not a legal issue unless it involves irrelevant considerations or excludes crucial factors affecting the ALP determination significantly. As no such errors were identified in this case, the appeal by the Revenue was dismissed. en-us Fri, 03 Nov 2017 00:00:00 +0530 Wed, 08 Nov 2017 11:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350585 The Income Tax Appellate Tribunal (ITAT) upheld the assessee's challenge to the inclusion of three comparables in the ALP determination. The Court agreed with the ITAT's decision to exclude Ashok Leyland Projects Services Ltd., Kitco Ltd., and Mitcon Consultancy & Engineering Services Ltd. based on specific reasons related to their revenue sources and activities. The Court emphasized that the exclusion of comparables is not a legal issue unless it involves irrelevant considerations or excludes crucial factors affecting the ALP determination significantly. As no such errors were identified in this case, the appeal by the Revenue was dismissed. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350585