https://www.taxtmi.com/caselaws?id=372447 The Tribunal set aside the disallowance under section 14A read with rule 8D(2)(iii) due to lack of specific findings on expenditure, resulting in deletion of the addition. Exclusion of certain comparables by the DRP was upheld by the Tribunal, directing consideration of Microland Ltd. as a good comparable. The Tribunal limited the market risk adjustment to 1.01% instead of 2.23%, following previous decisions. Accentia Technologies Limited was excluded as a comparable due to functional differences. Appeals by the Revenue were dismissed, emphasizing that issues on comparables selection do not raise substantial questions of law. en-us Tue, 28 Aug 2018 00:00:00 +0530 Sat, 22 Dec 2018 08:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372447 The Tribunal set aside the disallowance under section 14A read with rule 8D(2)(iii) due to lack of specific findings on expenditure, resulting in deletion of the addition. Exclusion of certain comparables by the DRP was upheld by the Tribunal, directing consideration of Microland Ltd. as a good comparable. The Tribunal limited the market risk adjustment to 1.01% instead of 2.23%, following previous decisions. Accentia Technologies Limited was excluded as a comparable due to functional differences. Appeals by the Revenue were dismissed, emphasizing that issues on comparables selection do not raise substantial questions of law. Case-Laws Income Tax Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372447