https://www.taxtmi.com/caselaws?id=275919 The Tribunal dismissed the appeal challenging the Assessing Officer's jurisdiction to make transfer pricing adjustments without referring to the Transfer Pricing Officer, as the transactions were below the revised threshold limit. It upheld the inclusion of CG-VAK Software and Exports Ltd. in the final set of comparables but excluded companies like Jindal Intellicom Pvt. Ltd., Coral Hub Ltd., Cosmic Global Ltd., Accentia Technologies Ltd., and E4e Healthcare Business Services Pvt. Ltd. due to functional dissimilarities. The Tribunal directed the AO to recompute the arm's length price based on the revised comparables, with other economic adjustment grounds deemed academic. The appeal was partly allowed for the reassessment of the arm's length price. en-us Wed, 10 Jan 2018 00:00:00 +0530 Mon, 22 Oct 2018 19:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275919 The Tribunal dismissed the appeal challenging the Assessing Officer's jurisdiction to make transfer pricing adjustments without referring to the Transfer Pricing Officer, as the transactions were below the revised threshold limit. It upheld the inclusion of CG-VAK Software and Exports Ltd. in the final set of comparables but excluded companies like Jindal Intellicom Pvt. Ltd., Coral Hub Ltd., Cosmic Global Ltd., Accentia Technologies Ltd., and E4e Healthcare Business Services Pvt. Ltd. due to functional dissimilarities. The Tribunal directed the AO to recompute the arm's length price based on the revised comparables, with other economic adjustment grounds deemed academic. The appeal was partly allowed for the reassessment of the arm's length price. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275919