https://www.taxtmi.com/caselaws?id=358388 The Tribunal found that the Assessing Officer exceeded jurisdiction by including new companies in the list of comparables, contrary to the DRP's directions, resulting in a Transfer Pricing adjustment. The Tribunal directed the AO to verify if excluding these companies would eliminate the need for the adjustment. Emphasizing strict compliance with DRP directions, the Tribunal allowed the appeal for statistical purposes, remitting the issue back to the AO for verification. Other grounds raised in the appeal were deemed academic. The appeal was allowed on March 28, 2018. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 11 Apr 2018 08:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358388 The Tribunal found that the Assessing Officer exceeded jurisdiction by including new companies in the list of comparables, contrary to the DRP's directions, resulting in a Transfer Pricing adjustment. The Tribunal directed the AO to verify if excluding these companies would eliminate the need for the adjustment. Emphasizing strict compliance with DRP directions, the Tribunal allowed the appeal for statistical purposes, remitting the issue back to the AO for verification. Other grounds raised in the appeal were deemed academic. The appeal was allowed on March 28, 2018. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358388