https://www.taxtmi.com/caselaws?id=381586 The Tribunal upheld the CIT(A)'s decisions to exclude Honda Siel, Hyundai Motors, and Maruti Udyog as comparables due to not meeting the related party transaction (RPT) filter, while including Hindustan Motors as a comparable despite a loss in the year. It directed an economic adjustment for additional non-cenvatable duties and adjustments for under-utilization of capacity, citing relevant case law. The Tribunal dismissed both Revenue's appeal and the assessee's Cross Objection, emphasizing the need for consistent filters and methodologies in transfer pricing assessments. en-us Mon, 10 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 07:34:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381586 The Tribunal upheld the CIT(A)'s decisions to exclude Honda Siel, Hyundai Motors, and Maruti Udyog as comparables due to not meeting the related party transaction (RPT) filter, while including Hindustan Motors as a comparable despite a loss in the year. It directed an economic adjustment for additional non-cenvatable duties and adjustments for under-utilization of capacity, citing relevant case law. The Tribunal dismissed both Revenue's appeal and the assessee's Cross Objection, emphasizing the need for consistent filters and methodologies in transfer pricing assessments. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381586