https://www.taxtmi.com/caselaws?id=401661 The Tribunal directed the exclusion of Cybermate Infotek Ltd. from the list of comparables due to its mixed nature of operations and lack of segmental information. It emphasized the correct computation of the Profit Level Indicator (PLI) for Acropetal Technologies Ltd. and directed the adoption of the operating profit as per the DRP's directions. Additionally, the Tribunal found the Assessing Officer's exclusion of Comp-u-Learn Tech India Limited (CTIL) based on a new filter to be impermissible and directed its inclusion in the list of comparables. The matter was remitted to the AO for a fresh determination of the arm's length price, allowing the appeal for statistical purposes. en-us Fri, 27 Nov 2020 00:00:00 +0530 Mon, 14 Dec 2020 09:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401661 The Tribunal directed the exclusion of Cybermate Infotek Ltd. from the list of comparables due to its mixed nature of operations and lack of segmental information. It emphasized the correct computation of the Profit Level Indicator (PLI) for Acropetal Technologies Ltd. and directed the adoption of the operating profit as per the DRP's directions. Additionally, the Tribunal found the Assessing Officer's exclusion of Comp-u-Learn Tech India Limited (CTIL) based on a new filter to be impermissible and directed its inclusion in the list of comparables. The matter was remitted to the AO for a fresh determination of the arm's length price, allowing the appeal for statistical purposes. Case-Laws Income Tax Fri, 27 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401661