https://www.taxtmi.com/caselaws?id=363175 The Revenue challenged the Income Tax Appellate Tribunal's decision for AY 2009-10, focusing on the functional comparability of Kals Information Systems Ltd and the application of assessee-specific FAR analysis in selecting comparables. The Tribunal emphasized the importance of factual analysis and actual performance data over projected information. The Court dismissed the appeal, stating no substantial legal questions were raised, highlighting that mere disagreement with ITAT's findings does not warrant invoking Section 260-A. The judgment underscored the necessity for appeals to involve significant legal questions related to tax laws or treaties for consideration. en-us Fri, 29 Jun 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363175 The Revenue challenged the Income Tax Appellate Tribunal's decision for AY 2009-10, focusing on the functional comparability of Kals Information Systems Ltd and the application of assessee-specific FAR analysis in selecting comparables. The Tribunal emphasized the importance of factual analysis and actual performance data over projected information. The Court dismissed the appeal, stating no substantial legal questions were raised, highlighting that mere disagreement with ITAT's findings does not warrant invoking Section 260-A. The judgment underscored the necessity for appeals to involve significant legal questions related to tax laws or treaties for consideration. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363175