https://www.taxtmi.com/caselaws?id=394045 The Tribunal found in favor of the assessee in a transfer pricing adjustment case. It ruled that the TPO erred in characterizing the functional profile of the project offices as technical, directing the exclusion of certain companies as comparables due to functional differences. The Tribunal agreed with the assessee on the need for risk adjustments and remanded the case for further examination on quantifying the risk adjustment. The appeal was allowed, and the case was sent back to the TPO/Assessing Officer for reconsideration. en-us Mon, 02 Mar 2020 00:00:00 +0530 Mon, 30 Mar 2020 12:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394045 The Tribunal found in favor of the assessee in a transfer pricing adjustment case. It ruled that the TPO erred in characterizing the functional profile of the project offices as technical, directing the exclusion of certain companies as comparables due to functional differences. The Tribunal agreed with the assessee on the need for risk adjustments and remanded the case for further examination on quantifying the risk adjustment. The appeal was allowed, and the case was sent back to the TPO/Assessing Officer for reconsideration. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394045