https://www.taxtmi.com/caselaws?id=200530 The Court allowed the condonation of a 7-day delay in filing the reply. However, in the case of the appeal against the ITAT order for Assessment Year 2008-09, the Court declined to condone the 430-day delay in filing the appeal due to an unsatisfactory explanation. The exclusion of certain companies from comparables for Transfer Pricing adjustment was upheld based on business model differences and legal precedents. The appeal was dismissed considering both the delay in filing and the merits of the case, with the matter remanded for a working capital adjustment. en-us Tue, 22 Aug 2017 00:00:00 +0530 Tue, 03 Apr 2018 06:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200530 The Court allowed the condonation of a 7-day delay in filing the reply. However, in the case of the appeal against the ITAT order for Assessment Year 2008-09, the Court declined to condone the 430-day delay in filing the appeal due to an unsatisfactory explanation. The exclusion of certain companies from comparables for Transfer Pricing adjustment was upheld based on business model differences and legal precedents. The appeal was dismissed considering both the delay in filing and the merits of the case, with the matter remanded for a working capital adjustment. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200530