https://www.taxtmi.com/caselaws?id=390158 Departmental appeals below the applicable CBDT monetary limit were not entertained on merits and were dismissed at the threshold for low tax effect. A 249-day delay in filing cross objections was condoned because the explanation was found bona fide, plausible, and free from negligence, allowing admission of the cross objections. In transfer pricing, Kshitij Investment Advisory Co. Ltd. was excluded as a comparable for lack of functional similarity, while the operating margin of Future Capital Holding Ltd. was remitted for recomputation due to a clerical error. en-us Fri, 20 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 11:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390158 Departmental appeals below the applicable CBDT monetary limit were not entertained on merits and were dismissed at the threshold for low tax effect. A 249-day delay in filing cross objections was condoned because the explanation was found bona fide, plausible, and free from negligence, allowing admission of the cross objections. In transfer pricing, Kshitij Investment Advisory Co. Ltd. was excluded as a comparable for lack of functional similarity, while the operating margin of Future Capital Holding Ltd. was remitted for recomputation due to a clerical error. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390158