https://www.taxtmi.com/caselaws?id=382854 The High Court condoned a delay in re-filing the appeal and disposed of the application based on reasons provided. In the Transfer Pricing Analysis case, the ITAT excluded a company, Axis, as a comparable for fixing the Arm's Length Price. The Revenue appealed, arguing insufficient reasoning for the exclusion, while the Assessee contended detailed reasons were given. The ITAT found Axis functionally dissimilar to the Assessee, emphasizing the importance of selecting comparables based on similarity for accurate pricing. The Court upheld the ITAT's decision, dismissing the appeal as no substantial legal question arose from excluding Axis as a comparable. en-us Mon, 08 Jul 2019 00:00:00 +0530 Thu, 11 Jul 2019 07:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382854 The High Court condoned a delay in re-filing the appeal and disposed of the application based on reasons provided. In the Transfer Pricing Analysis case, the ITAT excluded a company, Axis, as a comparable for fixing the Arm's Length Price. The Revenue appealed, arguing insufficient reasoning for the exclusion, while the Assessee contended detailed reasons were given. The ITAT found Axis functionally dissimilar to the Assessee, emphasizing the importance of selecting comparables based on similarity for accurate pricing. The Court upheld the ITAT's decision, dismissing the appeal as no substantial legal question arose from excluding Axis as a comparable. Case-Laws Income Tax Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382854