https://www.taxtmi.com/caselaws?id=280800 The Tribunal upheld the exclusion of Bharat Electronics Ltd., MIC Electronics Ltd., and Bharat Heavy Electricals Ltd. as comparables under the TNMM method due to functional and size disparities. Additionally, the Tribunal directed the reconsideration of the Profit Level Indicator by excluding depreciation from operating expenses, in line with judicial precedents. The appeal by the revenue was partly allowed for statistical purposes. en-us Fri, 20 Jul 2018 00:00:00 +0530 Wed, 22 May 2019 06:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280800 The Tribunal upheld the exclusion of Bharat Electronics Ltd., MIC Electronics Ltd., and Bharat Heavy Electricals Ltd. as comparables under the TNMM method due to functional and size disparities. Additionally, the Tribunal directed the reconsideration of the Profit Level Indicator by excluding depreciation from operating expenses, in line with judicial precedents. The appeal by the revenue was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280800