https://www.taxtmi.com/caselaws?id=385790 The High Court dismissed the Revenue's appeal against the Tribunal's decision to exclude certain comparables for determining the Arm's Length Price (ALP) in a transfer pricing assessment for the assessee company. The Court upheld the Tribunal's findings, emphasizing the functional dissimilarities between the comparables and the assessee company's services as valid reasons for exclusion. The Court found no legal basis to interfere with the Tribunal's decision, highlighting the importance of industry-specific considerations and previous legal precedents in transfer pricing assessments. en-us Tue, 20 Aug 2019 00:00:00 +0530 Fri, 13 Sep 2019 06:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385790 The High Court dismissed the Revenue's appeal against the Tribunal's decision to exclude certain comparables for determining the Arm's Length Price (ALP) in a transfer pricing assessment for the assessee company. The Court upheld the Tribunal's findings, emphasizing the functional dissimilarities between the comparables and the assessee company's services as valid reasons for exclusion. The Court found no legal basis to interfere with the Tribunal's decision, highlighting the importance of industry-specific considerations and previous legal precedents in transfer pricing assessments. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385790