https://www.taxtmi.com/caselaws?id=273709 The High Court upheld the Tribunal's decision in favor of the assessee, regarding the adjustment of Arm's Length Price of international transactions. The Court supported the deletion of additions made by the Tribunal, analyzed the non-applicability of the Comparable Uncontrolled Price method, and scrutinized the comparison of companies for benchmarking purposes. Emphasizing the importance of a valid justification in selecting comparables, the Court affirmed the Tribunal's decision, highlighting the necessity of a thorough analysis in determining the ALP and selecting comparables. en-us Wed, 26 Jul 2017 00:00:00 +0530 Wed, 11 Jul 2018 06:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273709 The High Court upheld the Tribunal's decision in favor of the assessee, regarding the adjustment of Arm's Length Price of international transactions. The Court supported the deletion of additions made by the Tribunal, analyzed the non-applicability of the Comparable Uncontrolled Price method, and scrutinized the comparison of companies for benchmarking purposes. Emphasizing the importance of a valid justification in selecting comparables, the Court affirmed the Tribunal's decision, highlighting the necessity of a thorough analysis in determining the ALP and selecting comparables. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273709