https://www.taxtmi.com/caselaws?id=275916 The Tribunal directed the exclusion of certain comparable companies due to functional dissimilarity and lack of segmental data. The appeal was partly allowed, with instructions to the Transfer Pricing Officer to recalculate the arm's length price based on the revised list of comparables. The Tribunal acknowledged the low-risk nature of the assessee as a captive service provider and directed further verification by the TPO. The levy of interest under Sections 234B and 234C was not extensively analyzed, indicating its dismissal. en-us Mon, 06 Nov 2017 00:00:00 +0530 Mon, 22 Oct 2018 19:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275916 The Tribunal directed the exclusion of certain comparable companies due to functional dissimilarity and lack of segmental data. The appeal was partly allowed, with instructions to the Transfer Pricing Officer to recalculate the arm's length price based on the revised list of comparables. The Tribunal acknowledged the low-risk nature of the assessee as a captive service provider and directed further verification by the TPO. The levy of interest under Sections 234B and 234C was not extensively analyzed, indicating its dismissal. Case-Laws Income Tax Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275916