https://www.taxtmi.com/caselaws?id=287135 The Tribunal upheld the decision of the Commissioner (Appeals) to dismiss the Revenue's appeal regarding the rejection of Motilal Oswal Investment Advisors Pvt. Ltd. as a comparable for transfer pricing analysis. The Tribunal found the company to be functionally different from the assessee, engaging in various activities beyond investment advisory services. As the functional disparities were clear and undisputed, the Tribunal affirmed the lower court's ruling, resulting in the deletion of the transfer pricing adjustment made by the Assessing Officer. en-us Fri, 31 Aug 2018 00:00:00 +0530 Tue, 31 Mar 2020 12:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287135 The Tribunal upheld the decision of the Commissioner (Appeals) to dismiss the Revenue's appeal regarding the rejection of Motilal Oswal Investment Advisors Pvt. Ltd. as a comparable for transfer pricing analysis. The Tribunal found the company to be functionally different from the assessee, engaging in various activities beyond investment advisory services. As the functional disparities were clear and undisputed, the Tribunal affirmed the lower court's ruling, resulting in the deletion of the transfer pricing adjustment made by the Assessing Officer. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287135