https://www.taxtmi.com/caselaws?id=378866 The case involved issues regarding the reopening of assessment under section 147, transfer pricing adjustments, selection of comparable companies, exemption under section 10B, and treatment of Fringe Benefit Tax (FBT). The Tribunal partly allowed the appeal, directing the Assessing Officer/Transfer Pricing Officer to re-determine the Arm's Length Price by excluding certain comparables and ensuring consistent treatment of FBT. The Tribunal stressed the importance of a uniform approach in expense treatment and comparable selection for accurate determination of the Arm's Length Price. en-us Thu, 18 Apr 2019 00:00:00 +0530 Mon, 22 Apr 2019 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378866 The case involved issues regarding the reopening of assessment under section 147, transfer pricing adjustments, selection of comparable companies, exemption under section 10B, and treatment of Fringe Benefit Tax (FBT). The Tribunal partly allowed the appeal, directing the Assessing Officer/Transfer Pricing Officer to re-determine the Arm's Length Price by excluding certain comparables and ensuring consistent treatment of FBT. The Tribunal stressed the importance of a uniform approach in expense treatment and comparable selection for accurate determination of the Arm's Length Price. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378866