https://www.taxtmi.com/caselaws?id=353717 The Tribunal dismissed the Revenue's appeal to include Choksi Laboratories in the comparables list due to functional dissimilarity and lack of segmental information. Regarding Transfer Pricing documentation and the Arm's Length Principle for the contract R&D segment, the Tribunal partially allowed the Assessee's appeal, directing the exclusion of certain comparables and emphasizing the need for a fresh assessment. The Tribunal upheld the charging of interest under section 234B of the Act without extensive deliberation. The judgment highlighted the importance of functional similarity in selecting comparables and thorough analysis based on relevant factors. en-us Mon, 08 Jan 2018 00:00:00 +0530 Wed, 10 Jan 2018 09:01:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353717 The Tribunal dismissed the Revenue's appeal to include Choksi Laboratories in the comparables list due to functional dissimilarity and lack of segmental information. Regarding Transfer Pricing documentation and the Arm's Length Principle for the contract R&D segment, the Tribunal partially allowed the Assessee's appeal, directing the exclusion of certain comparables and emphasizing the need for a fresh assessment. The Tribunal upheld the charging of interest under section 234B of the Act without extensive deliberation. The judgment highlighted the importance of functional similarity in selecting comparables and thorough analysis based on relevant factors. Case-Laws Income Tax Mon, 08 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353717