https://www.taxtmi.com/caselaws?id=289598 The appeal was successful as the court directed the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to reconsider the comparables and make necessary adjustments. The decision highlighted the importance of selecting functionally similar comparables for determining the arm's length price of international transactions. The court criticized the AO/TPO for various errors, including incorrect law interpretation, assessment discrepancies, and violations of natural justice. Ultimately, the judgment favored the appellant by allowing the appeal for statistical purposes. en-us Wed, 22 Feb 2017 00:00:00 +0530 Sat, 08 Aug 2020 09:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289598 The appeal was successful as the court directed the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to reconsider the comparables and make necessary adjustments. The decision highlighted the importance of selecting functionally similar comparables for determining the arm's length price of international transactions. The court criticized the AO/TPO for various errors, including incorrect law interpretation, assessment discrepancies, and violations of natural justice. Ultimately, the judgment favored the appellant by allowing the appeal for statistical purposes. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289598