https://www.taxtmi.com/caselaws?id=393877 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal regarding the determination of the Arm's Length Price (ALP) for international transactions related to Information Technology Enabled Services (ITeS). The Tribunal upheld the exclusion of certain comparable companies and directed the exclusion of additional companies as sought by the assessee. It instructed the Transfer Pricing Officer to verify and correct clerical errors in the computation of profit margins of comparable companies, emphasizing the importance of selecting functionally comparable companies. en-us Fri, 20 Mar 2020 00:00:00 +0530 Tue, 24 Mar 2020 12:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393877 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal regarding the determination of the Arm's Length Price (ALP) for international transactions related to Information Technology Enabled Services (ITeS). The Tribunal upheld the exclusion of certain comparable companies and directed the exclusion of additional companies as sought by the assessee. It instructed the Transfer Pricing Officer to verify and correct clerical errors in the computation of profit margins of comparable companies, emphasizing the importance of selecting functionally comparable companies. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393877