https://www.taxtmi.com/caselaws?id=367050 Transfer pricing relief was found unsustainable where the first appellate authority deleted the adjustment without obtaining a remand report from the Assessing Officer or Transfer Pricing Officer and without properly addressing comparability objections. The Tribunal noted that the order accepted and rejected comparables largely on the assessee's submissions, yet did not deal meaningfully with the reasons given by the Transfer Pricing Officer for rejecting the assessee's comparables or the basis of the assessee's challenge to the selected comparables. As the dispute turned on factual comparability and alleged non-supply of financial statements and FAR analysis, fresh adjudication after remand was required. en-us Wed, 12 Sep 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367050 Transfer pricing relief was found unsustainable where the first appellate authority deleted the adjustment without obtaining a remand report from the Assessing Officer or Transfer Pricing Officer and without properly addressing comparability objections. The Tribunal noted that the order accepted and rejected comparables largely on the assessee's submissions, yet did not deal meaningfully with the reasons given by the Transfer Pricing Officer for rejecting the assessee's comparables or the basis of the assessee's challenge to the selected comparables. As the dispute turned on factual comparability and alleged non-supply of financial statements and FAR analysis, fresh adjudication after remand was required. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367050