https://www.taxtmi.com/caselaws?id=283853 The Tribunal partly allowed the assessee's appeal, directing the exclusion of functionally dissimilar comparables Coral Hub Ltd. and Jeevan Scientific Technologies Ltd. from the Transfer Pricing Officer's selection. The Tribunal rejected the inclusion of Microgenetics Systems Ltd. as a comparable due to significant turnover differences. The issue of disallowance under section 14A was remanded to the Dispute Resolution Panel for reconsideration. The order was pronounced on August 24, 2016, in Chennai. en-us Wed, 24 Aug 2016 00:00:00 +0530 Thu, 17 Oct 2019 20:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283853 The Tribunal partly allowed the assessee's appeal, directing the exclusion of functionally dissimilar comparables Coral Hub Ltd. and Jeevan Scientific Technologies Ltd. from the Transfer Pricing Officer's selection. The Tribunal rejected the inclusion of Microgenetics Systems Ltd. as a comparable due to significant turnover differences. The issue of disallowance under section 14A was remanded to the Dispute Resolution Panel for reconsideration. The order was pronounced on August 24, 2016, in Chennai. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283853