https://www.taxtmi.com/caselaws?id=295328 The case involved transfer pricing adjustments on investment advisory services and the selection/rejection of comparables for benchmarking arm's length prices. The Transfer Pricing Officer rejected the comparables selected by the assessee, leading to an upward adjustment. The Dispute Resolution Panel agreed with most of the TPO's selections but directed the exclusion of one comparable. The Tribunal directed the inclusion of certain comparables based on previous decisions and excluded others based on functional dissimilarity. The appeal was partly allowed, and the Assessing Officer was directed to compute any adjustments following the Tribunal's directions. en-us Fri, 15 Mar 2019 00:00:00 +0530 Sat, 29 May 2021 08:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295328 The case involved transfer pricing adjustments on investment advisory services and the selection/rejection of comparables for benchmarking arm's length prices. The Transfer Pricing Officer rejected the comparables selected by the assessee, leading to an upward adjustment. The Dispute Resolution Panel agreed with most of the TPO's selections but directed the exclusion of one comparable. The Tribunal directed the inclusion of certain comparables based on previous decisions and excluded others based on functional dissimilarity. The appeal was partly allowed, and the Assessing Officer was directed to compute any adjustments following the Tribunal's directions. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295328