https://www.taxtmi.com/caselaws?id=400176 The High Court upheld the Tribunal's decision on transfer pricing adjustments, finding that the functional similarity of comparables had been adequately considered. The Court modified directions on risk adjustments, instructing the Assessing Officer to reassess in accordance with the law. Exclusion of certain expenses for deduction under Section 10B was affirmed based on a Supreme Court precedent. The judgment provided a thorough analysis of transfer pricing issues, ensuring alignment with judicial precedents for a comprehensive resolution. en-us Mon, 28 Sep 2020 00:00:00 +0530 Mon, 04 Oct 2021 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400176 The High Court upheld the Tribunal's decision on transfer pricing adjustments, finding that the functional similarity of comparables had been adequately considered. The Court modified directions on risk adjustments, instructing the Assessing Officer to reassess in accordance with the law. Exclusion of certain expenses for deduction under Section 10B was affirmed based on a Supreme Court precedent. The judgment provided a thorough analysis of transfer pricing issues, ensuring alignment with judicial precedents for a comprehensive resolution. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400176