https://www.taxtmi.com/caselaws?id=288407 The Tribunal concluded that Modicare Ltd. could not be considered a comparable company under the Resale Price Method due to lack of necessary data and significant differences. Consequently, the Tribunal directed the Transfer Pricing Officer to apply the Transactional Net Margin Method on the comparables selected by the assessee with suitable working capital adjustments. The appeals of the assessee were allowed, and the findings were applied mutatis mutandis for all the appeals. en-us Mon, 15 Apr 2019 00:00:00 +0530 Fri, 05 Jun 2020 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288407 The Tribunal concluded that Modicare Ltd. could not be considered a comparable company under the Resale Price Method due to lack of necessary data and significant differences. Consequently, the Tribunal directed the Transfer Pricing Officer to apply the Transactional Net Margin Method on the comparables selected by the assessee with suitable working capital adjustments. The appeals of the assessee were allowed, and the findings were applied mutatis mutandis for all the appeals. Case-Laws Income Tax Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288407