https://www.taxtmi.com/caselaws?id=283899 The Tribunal set aside the Transfer Pricing Officer's decision and directed a reassessment, emphasizing the importance of functional and related party transaction comparability in determining the Arm's Length Price. The Tribunal highlighted the need for a thorough analysis and consideration of multiple year data for the Profit Level Indicator calculation. The assessee's proposed comparables were rejected, and the case was remanded for a fresh assessment, with the assessee instructed to provide necessary documentation. The appeal was allowed for statistical purposes. en-us Fri, 27 Oct 2017 00:00:00 +0530 Sun, 20 Oct 2019 15:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283899 The Tribunal set aside the Transfer Pricing Officer's decision and directed a reassessment, emphasizing the importance of functional and related party transaction comparability in determining the Arm's Length Price. The Tribunal highlighted the need for a thorough analysis and consideration of multiple year data for the Profit Level Indicator calculation. The assessee's proposed comparables were rejected, and the case was remanded for a fresh assessment, with the assessee instructed to provide necessary documentation. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283899