https://www.taxtmi.com/caselaws?id=403646 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961 for Assessment Year 2007-08, upholding the tribunal's decision to exclude certain comparables based on functional dissimilarity. The court found the revenue's arguments lacked merit and did not interfere with the tribunal's factual determinations. The Related Party Transaction (RPT) filter was not applied by the tribunal, rendering related issues moot. While turnover was considered relevant for comparability, the court did not delve into this issue further due to the valid reasons for exclusion already established by the tribunal. en-us Wed, 20 Jan 2021 00:00:00 +0530 Mon, 22 Aug 2022 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403646 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961 for Assessment Year 2007-08, upholding the tribunal's decision to exclude certain comparables based on functional dissimilarity. The court found the revenue's arguments lacked merit and did not interfere with the tribunal's factual determinations. The Related Party Transaction (RPT) filter was not applied by the tribunal, rendering related issues moot. While turnover was considered relevant for comparability, the court did not delve into this issue further due to the valid reasons for exclusion already established by the tribunal. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403646