https://www.taxtmi.com/caselaws?id=285301 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the exclusion of high-margin comparables Motilal Oswal Investment Advisors Pvt. Ltd. and Ladderup Corporate Advisory Pvt. Ltd., while including ICRA Management Consulting Services Ltd. and IDC (India) Ltd. as functionally similar comparables. The Tribunal aimed for a fair determination of the Arm's Length Price (ALP) using the Transactional Net Margin Method (TNMM) and emphasized consistency with prior judicial decisions. The assessment order's validity issue regarding the period of limitation was not deliberated as the Tribunal adjudicated on merits. en-us Tue, 20 Nov 2018 00:00:00 +0530 Tue, 07 Jan 2020 06:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285301 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. It upheld the exclusion of high-margin comparables Motilal Oswal Investment Advisors Pvt. Ltd. and Ladderup Corporate Advisory Pvt. Ltd., while including ICRA Management Consulting Services Ltd. and IDC (India) Ltd. as functionally similar comparables. The Tribunal aimed for a fair determination of the Arm's Length Price (ALP) using the Transactional Net Margin Method (TNMM) and emphasized consistency with prior judicial decisions. The assessment order's validity issue regarding the period of limitation was not deliberated as the Tribunal adjudicated on merits. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285301