https://www.taxtmi.com/caselaws?id=284412 The ITAT Pune allowed the Revenue's appeal in a transfer pricing assessment case for the assessment year 2011-12. The ITAT directed the exclusion of R System International Ltd. and Coral Hub Ltd. as comparables due to their different accounting periods, aligning with the Revenue's argument. This decision was based on the principle that concerns with varying accounting periods cannot be considered comparable when compiling financial data. As a result, no transfer pricing adjustment was required for the assessee, and the Revenue's appeal was upheld despite a nil tax effect. en-us Mon, 14 May 2018 00:00:00 +0530 Mon, 27 Jan 2020 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284412 The ITAT Pune allowed the Revenue's appeal in a transfer pricing assessment case for the assessment year 2011-12. The ITAT directed the exclusion of R System International Ltd. and Coral Hub Ltd. as comparables due to their different accounting periods, aligning with the Revenue's argument. This decision was based on the principle that concerns with varying accounting periods cannot be considered comparable when compiling financial data. As a result, no transfer pricing adjustment was required for the assessee, and the Revenue's appeal was upheld despite a nil tax effect. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284412