https://www.taxtmi.com/caselaws?id=290467 The Tribunal ruled in favor of Louis Dreyfus Company India Pvt. Ltd., finding that the transfer pricing adjustment for back-office support services did not adhere to the arm's length principle. The inclusion of Acropetal Technologies Ltd. (segment) and TCS E-Serve Ltd. as comparables was deemed inappropriate due to functional dissimilarity and significant differences in operations and risk profiles. Consequently, these companies were excluded from the final set of comparables, leading to the allowance of the taxpayer's appeal based on the importance of functional similarity and accurate risk assessment in transfer pricing analyses. en-us Wed, 30 Oct 2019 00:00:00 +0530 Mon, 28 Sep 2020 20:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290467 The Tribunal ruled in favor of Louis Dreyfus Company India Pvt. Ltd., finding that the transfer pricing adjustment for back-office support services did not adhere to the arm's length principle. The inclusion of Acropetal Technologies Ltd. (segment) and TCS E-Serve Ltd. as comparables was deemed inappropriate due to functional dissimilarity and significant differences in operations and risk profiles. Consequently, these companies were excluded from the final set of comparables, leading to the allowance of the taxpayer's appeal based on the importance of functional similarity and accurate risk assessment in transfer pricing analyses. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290467