https://www.taxtmi.com/caselaws?id=290362 The Tribunal determined that M/s. Excel Infoways Ltd. should be excluded from the list of comparables due to its fluctuating and diminishing profits, aligning with precedent cases. Conversely, the Tribunal found the exclusion of M/s. R System International Ltd. unjustified, directing the AO/TPO to verify its financials. Consequently, the assessment of the ALP of international transactions was remanded for re-examination, and the assessee's appeal was allowed. The decision was announced on 15th March 2019. en-us Fri, 15 Mar 2019 00:00:00 +0530 Thu, 14 Nov 2024 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290362 The Tribunal determined that M/s. Excel Infoways Ltd. should be excluded from the list of comparables due to its fluctuating and diminishing profits, aligning with precedent cases. Conversely, the Tribunal found the exclusion of M/s. R System International Ltd. unjustified, directing the AO/TPO to verify its financials. Consequently, the assessment of the ALP of international transactions was remanded for re-examination, and the assessee's appeal was allowed. The decision was announced on 15th March 2019. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290362