https://www.taxtmi.com/caselaws?id=196211 The Tribunal upheld the exclusion of companies with turnover exceeding Rs. 200 crores from the list of comparables, emphasizing the importance of turnover filters. The Tribunal directed the Assessing Officer to include previously rejected companies if they met the filters. The Tribunal dismissed issues regarding interest cost exclusion and risk adjustments as not pressed. It upheld the application of appropriate filters for selecting comparables and directed the AO to rectify the inclusion/exclusion of certain companies under section 154. The appeals were allowed for statistical purposes, emphasizing the need for consistent and appropriate filters in benchmarking international transactions. en-us Thu, 31 Mar 2016 00:00:00 +0530 Wed, 22 Nov 2017 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196211 The Tribunal upheld the exclusion of companies with turnover exceeding Rs. 200 crores from the list of comparables, emphasizing the importance of turnover filters. The Tribunal directed the Assessing Officer to include previously rejected companies if they met the filters. The Tribunal dismissed issues regarding interest cost exclusion and risk adjustments as not pressed. It upheld the application of appropriate filters for selecting comparables and directed the AO to rectify the inclusion/exclusion of certain companies under section 154. The appeals were allowed for statistical purposes, emphasizing the need for consistent and appropriate filters in benchmarking international transactions. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196211