https://www.taxtmi.com/caselaws?id=361641 The Tribunal set aside the matter to the AO/TPO for a fresh adjudication on both issues regarding the exclusion of Celestial Labs Ltd. and inclusion of Tonira Pharma Ltd. as comparables for determining the Arm's Length Price (ALP). The AO/TPO was instructed to conduct a detailed analysis of the financial statements of both companies, excluding the impact of extraordinary events such as IPO and inventory attachment, to accurately assess their comparability. The Revenue's appeal was allowed for statistical purposes, emphasizing the importance of providing the assessee with a fair opportunity to present evidence and arguments in the reassessment process. en-us Fri, 01 Jun 2018 00:00:00 +0530 Mon, 11 Jun 2018 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361641 The Tribunal set aside the matter to the AO/TPO for a fresh adjudication on both issues regarding the exclusion of Celestial Labs Ltd. and inclusion of Tonira Pharma Ltd. as comparables for determining the Arm's Length Price (ALP). The AO/TPO was instructed to conduct a detailed analysis of the financial statements of both companies, excluding the impact of extraordinary events such as IPO and inventory attachment, to accurately assess their comparability. The Revenue's appeal was allowed for statistical purposes, emphasizing the importance of providing the assessee with a fair opportunity to present evidence and arguments in the reassessment process. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361641