https://www.taxtmi.com/caselaws?id=401978 The Tribunal dismissed the assessee's miscellaneous application, finding no apparent mistakes warranting rectification under section 254(2) of the Act. The Tribunal addressed the alleged errors in the Tribunal's order and Transfer Pricing Officer's calculations, concluding they were duly considered. The Tribunal rejected the inclusion of South India Surgical Limited as a comparable company due to lack of formal grounds. Additionally, the Tribunal refused to entertain further grounds raised by the assessee, emphasizing the need for factual adjudication over legal considerations. The decision was upheld based on legal principles and specific circumstances of each issue. en-us Fri, 18 Dec 2020 00:00:00 +0530 Mon, 21 Dec 2020 12:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401978 The Tribunal dismissed the assessee's miscellaneous application, finding no apparent mistakes warranting rectification under section 254(2) of the Act. The Tribunal addressed the alleged errors in the Tribunal's order and Transfer Pricing Officer's calculations, concluding they were duly considered. The Tribunal rejected the inclusion of South India Surgical Limited as a comparable company due to lack of formal grounds. Additionally, the Tribunal refused to entertain further grounds raised by the assessee, emphasizing the need for factual adjudication over legal considerations. The decision was upheld based on legal principles and specific circumstances of each issue. Case-Laws Income Tax Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401978