https://www.taxtmi.com/caselaws?id=278047 The Tribunal partly allowed the appeal of an ITES company concerning Transfer Pricing adjustments. The Tribunal directed the TPO/AO to determine the Transfer Pricing adjustment after excluding specified comparables, following the exclusion of comparables due to functional dissimilarities and extraordinary events affecting their financials. The Tribunal emphasized that TP adjustments should be limited to transactions with Associated Enterprises. The appeal outcome favored the assessee, with the order pronounced on 5th January 2018. en-us Fri, 05 Jan 2018 00:00:00 +0530 Sun, 06 Jan 2019 06:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278047 The Tribunal partly allowed the appeal of an ITES company concerning Transfer Pricing adjustments. The Tribunal directed the TPO/AO to determine the Transfer Pricing adjustment after excluding specified comparables, following the exclusion of comparables due to functional dissimilarities and extraordinary events affecting their financials. The Tribunal emphasized that TP adjustments should be limited to transactions with Associated Enterprises. The appeal outcome favored the assessee, with the order pronounced on 5th January 2018. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278047