https://www.taxtmi.com/caselaws?id=286564 The Court upheld the ITAT's decision to exclude certain comparables for determining the arm's length price under the Income Tax Act. It clarified that the Revenue lacked the statutory authority to challenge such exclusions during the relevant assessment year, emphasizing legislative constraints on objections against DRP orders. The judgment underscores the legal framework governing transfer pricing adjustments and highlights the impact of legislative amendments on the Revenue's ability to contest the exclusion of comparables. en-us Tue, 26 Jul 2016 00:00:00 +0530 Wed, 04 Mar 2020 11:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286564 The Court upheld the ITAT's decision to exclude certain comparables for determining the arm's length price under the Income Tax Act. It clarified that the Revenue lacked the statutory authority to challenge such exclusions during the relevant assessment year, emphasizing legislative constraints on objections against DRP orders. The judgment underscores the legal framework governing transfer pricing adjustments and highlights the impact of legislative amendments on the Revenue's ability to contest the exclusion of comparables. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286564