https://www.taxtmi.com/caselaws?id=272761 The ITAT upheld the deletion of the addition made for adjustments to the arm's length price, as the TPO's selection of comparables was found inappropriate. The disallowance on interest on borrowed capital was also deleted, supported by commercial expediency. The matter was remanded to the AO for fresh adjudication, directing a reevaluation of comparables and addressing the assessee's submissions. The Revenue's appeal was partly allowed, and the cross objection and appeal by the assessee were allowed for statistical purposes. en-us Fri, 20 May 2016 00:00:00 +0530 Thu, 17 May 2018 05:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272761 The ITAT upheld the deletion of the addition made for adjustments to the arm's length price, as the TPO's selection of comparables was found inappropriate. The disallowance on interest on borrowed capital was also deleted, supported by commercial expediency. The matter was remanded to the AO for fresh adjudication, directing a reevaluation of comparables and addressing the assessee's submissions. The Revenue's appeal was partly allowed, and the cross objection and appeal by the assessee were allowed for statistical purposes. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272761