https://www.taxtmi.com/caselaws?id=286502 The Revenue's appeal challenging the deletion of a transfer pricing adjustment for the assessment year 2010-11 was partly allowed. The Tribunal upheld the exclusion of Government companies from the benchmarking exercise and the inclusion of specific companies as comparables. The decision emphasized the importance of operational parameters and turnover for comparability. The tolerance range of 5% for adjustments was considered, with the Tribunal ruling in favor of the Revenue. The cross objection filed by the assessee was dismissed. en-us Wed, 10 Jan 2018 00:00:00 +0530 Mon, 02 Mar 2020 08:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286502 The Revenue's appeal challenging the deletion of a transfer pricing adjustment for the assessment year 2010-11 was partly allowed. The Tribunal upheld the exclusion of Government companies from the benchmarking exercise and the inclusion of specific companies as comparables. The decision emphasized the importance of operational parameters and turnover for comparability. The tolerance range of 5% for adjustments was considered, with the Tribunal ruling in favor of the Revenue. The cross objection filed by the assessee was dismissed. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286502