https://www.taxtmi.com/caselaws?id=352531 The Tribunal upheld the adjustment to the taxpayer's taxable income, reducing the Transfer Pricing adjustment to INR 1,55,03,946 from the initial addition of INR 15,503,946. The Tribunal supported the Transfer Pricing Officer's selection of comparables, including the exclusion of Media Research Users Council as a comparable company due to functional dissimilarity. Penalty proceedings under sections 271(1)(c) and interest charges under sections 234B and 234C were noted but not specifically addressed in the judgment. The appeal was dismissed, and the order was issued on December 12, 2017. en-us Tue, 12 Dec 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352531 The Tribunal upheld the adjustment to the taxpayer's taxable income, reducing the Transfer Pricing adjustment to INR 1,55,03,946 from the initial addition of INR 15,503,946. The Tribunal supported the Transfer Pricing Officer's selection of comparables, including the exclusion of Media Research Users Council as a comparable company due to functional dissimilarity. Penalty proceedings under sections 271(1)(c) and interest charges under sections 234B and 234C were noted but not specifically addressed in the judgment. The appeal was dismissed, and the order was issued on December 12, 2017. Case-Laws Income Tax Tue, 12 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352531