https://www.taxtmi.com/caselaws?id=283843 The High Court upheld the Tribunal's decision in an appeal by the Revenue for the assessment year 2007-2008. The Court found that the Tribunal's rejection of comparable companies was justified based on operational scale and profit margins. The deletion of Ishir Infotech as comparables was upheld due to lack of evidence challenging prior Tribunal decisions. The Court also affirmed the deletion of a comparable based on functional differences, citing legal precedents. The appeal was dismissed for lacking merit, and pending applications were closed without costs. en-us Fri, 28 Nov 2014 00:00:00 +0530 Thu, 17 Oct 2019 09:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283843 The High Court upheld the Tribunal's decision in an appeal by the Revenue for the assessment year 2007-2008. The Court found that the Tribunal's rejection of comparable companies was justified based on operational scale and profit margins. The deletion of Ishir Infotech as comparables was upheld due to lack of evidence challenging prior Tribunal decisions. The Court also affirmed the deletion of a comparable based on functional differences, citing legal precedents. The appeal was dismissed for lacking merit, and pending applications were closed without costs. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283843