https://www.taxtmi.com/caselaws?id=381360 The Tribunal allowed the appeal against a transfer pricing adjustment, emphasizing the importance of accurate comparables selection. The appellant successfully challenged the inclusion of Vama Industries Ltd. in the comparables list due to functional disparities, leading to the exclusion of the company. The Tribunal directed the Assessing Officer to recalculate the arm's length price without Vama Industries Ltd., highlighting the significance of precise comparables selection in transfer pricing assessments. en-us Fri, 07 Jun 2019 00:00:00 +0530 Thu, 25 Jul 2019 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381360 The Tribunal allowed the appeal against a transfer pricing adjustment, emphasizing the importance of accurate comparables selection. The appellant successfully challenged the inclusion of Vama Industries Ltd. in the comparables list due to functional disparities, leading to the exclusion of the company. The Tribunal directed the Assessing Officer to recalculate the arm's length price without Vama Industries Ltd., highlighting the significance of precise comparables selection in transfer pricing assessments. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381360