https://www.taxtmi.com/caselaws?id=412504 Acropetal Technologies Ltd. was not excluded from the comparable set merely because of higher profits or alleged SEBI-related extraordinary events, as no reliable evidence showed any material impact on the year under assessment and functional similarity remained intact. The claim to include Onward Technologies Ltd. as an additional comparable was remitted for fresh examination, because functional similarity could not be rejected only for lack of segmental data without a proper comparability analysis. The transfer pricing adjustment was therefore sustained in part, with partial relief confined to reconsideration of one comparable. en-us Fri, 27 Aug 2021 00:00:00 +0530 Sat, 18 Sep 2021 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412504 Acropetal Technologies Ltd. was not excluded from the comparable set merely because of higher profits or alleged SEBI-related extraordinary events, as no reliable evidence showed any material impact on the year under assessment and functional similarity remained intact. The claim to include Onward Technologies Ltd. as an additional comparable was remitted for fresh examination, because functional similarity could not be rejected only for lack of segmental data without a proper comparability analysis. The transfer pricing adjustment was therefore sustained in part, with partial relief confined to reconsideration of one comparable. Case-Laws Income Tax Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412504