https://www.taxtmi.com/caselaws?id=363165 The High Court upheld the Tribunal's decision in the case, affirming the reduction of expenses from both export turnover and total turnover to avoid unjust results. The Tribunal's exclusion of certain companies as comparables in Transfer Pricing analysis was also upheld, based on functional dissimilarity, extraordinary events, and financial data reliability. Additionally, the Tribunal's confirmation of a standard deduction of +/- 5% under Section 92C(2) was deemed appropriate, as per the pre-amended proviso applicable to assessments concluded before a specified date. The Court found no substantial questions of law and dismissed the Revenue's appeal without costs. en-us Thu, 28 Jun 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363165 The High Court upheld the Tribunal's decision in the case, affirming the reduction of expenses from both export turnover and total turnover to avoid unjust results. The Tribunal's exclusion of certain companies as comparables in Transfer Pricing analysis was also upheld, based on functional dissimilarity, extraordinary events, and financial data reliability. Additionally, the Tribunal's confirmation of a standard deduction of +/- 5% under Section 92C(2) was deemed appropriate, as per the pre-amended proviso applicable to assessments concluded before a specified date. The Court found no substantial questions of law and dismissed the Revenue's appeal without costs. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363165