https://www.taxtmi.com/caselaws?id=273426 The tribunal ruled in favor of the assessee regarding the determination of profit margin and the inclusion of comparable companies. The tribunal held that the commission paid to Voltas should be included in operating costs, affecting the profit margin calculation. Additionally, the tribunal directed the exclusion of certain companies from the list of comparables due to functional dissimilarities. The tribunal set aside the transfer pricing adjustment, remitting the matter for fresh determination, ensuring the assessee's right to be heard. The appeal was allowed for statistical purposes, with the order pronounced in open court on 11.05.2015. en-us Wed, 11 May 2016 00:00:00 +0530 Mon, 25 Jun 2018 18:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273426 The tribunal ruled in favor of the assessee regarding the determination of profit margin and the inclusion of comparable companies. The tribunal held that the commission paid to Voltas should be included in operating costs, affecting the profit margin calculation. Additionally, the tribunal directed the exclusion of certain companies from the list of comparables due to functional dissimilarities. The tribunal set aside the transfer pricing adjustment, remitting the matter for fresh determination, ensuring the assessee's right to be heard. The appeal was allowed for statistical purposes, with the order pronounced in open court on 11.05.2015. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273426