https://www.taxtmi.com/caselaws?id=392735 The Tribunal set aside the transfer pricing addition of Rs. 56,09,376/- in the international transaction of provision of carpet designing services for the assessment year 2011-12. The dispute centered on the selection of comparables for determining the arm's length price. Three companies, including Infosys BPO Ltd., Eclerx Services Ltd., and Accentia Technologies Ltd., were found to be functionally incomparable and were excluded from the list of comparables. The matter was remanded back to the Assessing Officer/Transfer Pricing Officer for fresh determination of the arm's length price, granting the assessee a reasonable opportunity of hearing. The appeal was allowed for statistical purposes. en-us Mon, 24 Feb 2020 00:00:00 +0530 Thu, 27 Feb 2020 08:04:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392735 The Tribunal set aside the transfer pricing addition of Rs. 56,09,376/- in the international transaction of provision of carpet designing services for the assessment year 2011-12. The dispute centered on the selection of comparables for determining the arm's length price. Three companies, including Infosys BPO Ltd., Eclerx Services Ltd., and Accentia Technologies Ltd., were found to be functionally incomparable and were excluded from the list of comparables. The matter was remanded back to the Assessing Officer/Transfer Pricing Officer for fresh determination of the arm's length price, granting the assessee a reasonable opportunity of hearing. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392735