https://www.taxtmi.com/caselaws?id=273707 The Court upheld the ITAT's decision to exclude 100% government-owned companies as comparables for determining the Arm's Length Price (ALP) in international transactions involving the Assessee for the Assessment Year 2009-10. The Court found the ITAT's reasoning reasonable and consistent with previous judgments, emphasizing the case-specific nature of choosing comparables. As a result, the Court dismissed the Revenue's appeal challenging the ITAT's order on ALP computation. en-us Tue, 30 May 2017 00:00:00 +0530 Wed, 11 Jul 2018 06:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273707 The Court upheld the ITAT's decision to exclude 100% government-owned companies as comparables for determining the Arm's Length Price (ALP) in international transactions involving the Assessee for the Assessment Year 2009-10. The Court found the ITAT's reasoning reasonable and consistent with previous judgments, emphasizing the case-specific nature of choosing comparables. As a result, the Court dismissed the Revenue's appeal challenging the ITAT's order on ALP computation. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273707